BusinessDay
Nigeria's leading finance and market intelligence news report.

VAT now applies to services by Nigerian-based firms for related non-resident companies  

The Tax Appeal Tribunal sitting in Lagos has ruled that the services rendered by a company in Nigeria for a related firm outside the country are subject to Value Added Tax (VAT). The tribunal delivered the judgement on Wednesday in a case filed by Allan Gray Investment Management Nigeria Limited against the Federal Inland Revenue Service (FIRS). The…



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