- The Federal Inland Revenue Service (FIRS) in Nigeria has postponed the VAT Simplified Compliance Regime for non-resident goods suppliers.
- The implementation of the Guidelines on Simplified Compliance Regime on VAT for non-resident goods suppliers is deferred from January 1, 2024.
- FIRS needs extra time to refine the tax collection and remittance process.
- FIRS commits to continuous engagement with stakeholders for a smooth implementation of the Guidelines.
- The postponement only applies to the supply of goods, while the supply of services and intangibles by non-residents remains unaffected.
Source: globalvatcompliance.com
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.
