Global

Details

  • Service: Tax, Global Indirect Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 3/12/2014

Nigeria - Tax authorities to verify VAT, withholding tax compliance 

March 12:  It has been announced that Nigeria’s Federal Inland Revenue Service has scheduled a nationwide value added tax (VAT) and withholding tax “verification exercise” beginning 12 March 2014 through 11 April 2014.

According to reports from Nigeria, auditors from the tax administration will visit the premises of companies in order to verify the company records for VAT and withholding tax compliance. The verification exercise will cover a six-year period, starting from January 2008.


Certain documents will be requested for review by the tax authorities.


Read a March 2014 report [PDF 134 KB] prepared by the KPMG member firm in Nigeria: FIRS’s nationwide Value Added Tax and Withholding Tax verification exercise




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