In 2020, the VAT on telecom services was raised from 5% to 7.5%. So, with the new excise tax, the total tax bill will become 12.5%.
This newsletter highlights other concerns about the new tax and clarifies its effects on businesses in Nigeria. To read the entire article.
Source: templars-law.com
Latest Posts in "Nigeria"
- Nigeria Tax Act 2025 Expands VAT Recovery on Services and Capital Assets
- Nigeria Begins E-Invoicing Compliance Monitoring for Large Taxpayers
- Nigeria Introduces VAT Guidelines for Virtual Asset Transactions
- Nigeria Revenue Service Issues Faster VAT Refund Guidelines Under New Tax Laws
- Nasarawa Governor Revises Stance on Tax Reform After VAT Model Changes
