The FIRS is seeking to seamlessly match Output VAT collection to the Input VAT claimed by businesses and promote transparency in VAT compliance.
But it appears business owners are finding the new VAT filing process extremely difficult, even as the FIRS released videos and held webinars to educate people on how to log in and file their monthly returns.
Source: dailypost.ng
Latest Posts in "Nigeria"
- Nigeria Reaffirms VAT on Bank and Fintech Fees, No New Tax for Customers
- VAT Targets Luxury Services, Not Everyday Essentials, Says Dr. Ahmad
- NRS Denies New VAT on Banking Services, Clarifies Existing Tax Applies Only to Service Charges
- What You Need to Know About 7.5% VAT on Bank Charges Starting January 19
- Nigeria Revenue Service Denies New VAT on Banking Services, Clarifies Existing Tax Applies
