The newly introduced system is counter-productive and that accounts for why FIRS had to extend filing till April 30 for March VAT. If a step is taken to verify collection for the month of March, it will be below expectation. FIRS and indeed all agencies dealing with the public should engage stakeholders and professionals before introducing any policy.
Source: tribuneonlineng.com
Latest Posts in "Nigeria"
- Examining VAT Taxation in Nigeria: Landmark Decisions and Implications for Federalism
- Nigeria Announces 2025 Tax Reforms and Duty-Free Import Updates
- Nigeria FIRS becomes a Peppol Authority
- Nigerian News Agency Announces New Regime Allowing VAT Credits on Assets
- Nigeria Introduces USD300 Duty-Free Threshold for Low-Value Imports Starting September 2025