Global

Details

  • Service: Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 4/14/2014

Nigeria - VAT schedules for each state now required 

April 14:  Nigeria’s Federal Inland Revenue Service now requires companies operating in multiple locations and that file their value added tax (VAT) returns centrally to comply with the attribution principle.

In other words, taxpayers now must submit supporting schedules showing the VAT attributable to their operations in each Nigerian state along with their centrally filed VAT returns.


Companies that previously filed their VAT returns for 2014 without attribution must now prepare and submit the supporting schedules.


Read an April 2014 report [PDF 106 KB] prepared by the KPMG member firm in Nigeria: Update on value added tax filing and verification exercise




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