- The Federal Inland Revenue Service (FIRS) has halted the implementation of VAT guidelines for imported goods purchased through digital platforms by Non-resident Suppliers (NRS).
- The postponement is to ensure an effective and efficient process for tax collection and remittance.
- Once the simplified compliance regime becomes operational, VAT collection for non-resident suppliers selling goods through digital platforms will be made easier.
- The implementation of guidelines for services and intangibles by non-residents is not affected by this notice.
- Nigeria had secured the obligation for non-resident providers of goods or digital/electronic services to register and charge VAT.
- The FIRS introduced the Guidelines on Simplified Compliance Regime for VAT for Non-Resident Suppliers in 2021.
- The guideline for goods has been suspended, while the existing guidelines for services and intangibles remain in effect.
Source: pulse.ng
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
