Telcos, banks to collect VAT on taxable supplies
The Federal Inland Revenue Service has appointed MTN, Airtel, and deposit money institutions in Nigeria to withhold or collect value added tax on all taxable shipments made to…
Nigeria Value-Added Tax (VAT) Ruling, Economic Impacts, Challenges and Prospects
Value-added tax (VAT), as the name implies, is a type of consumption tax that is levied on products and services. It is called value-added tax because it is…