To provide some context, under the VAT Act, goods and services purchased by diplomats and goods purchased for use in humanitarian donor-funded projects are classified as zero-rated. This means, therefore, that diplomats that pay VAT on any goods and services supplied to them are entitled to a refund of the amount paid as VAT. The VAT Guidelines for Diplomats issued by the FIRS provide a framework for processing such requests for VAT refunds.
Source: mondaq.com
Latest Posts in "Nigeria"
- Nigeria FIRS becomes a Peppol Authority
- Examining VAT Taxation in Nigeria: Landmark Decisions and Implications for Federalism
- Nigeria Announces 2025 Tax Reforms and Duty-Free Import Updates
- Nigerian News Agency Announces New Regime Allowing VAT Credits on Assets
- Nigeria Introduces USD300 Duty-Free Threshold for Low-Value Imports Starting September 2025
