F. Value Added Tax Act (VATA)
15. Non-Resident Suppliers of taxable goods or services to Nigeria, or any other person appointed by the Service to collect tax under the VAT Act have statutory obligation to collect the tax and remit same to the Service [section 10 of VATA].
16. Companies engaged in Upstream Petroleum operations will continue to have obligation to withhold VAT, even when they have not commenced commercial operations or have not reached N25 million turnover [Section 15 of VATA].
Source: gov.ng
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