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Tag: Legal

TAT Rules that Rental Income from Property Leases are VAT Exempt

TAT Rules that Rental Income from Property Leases are VAT Exempt

Overview On Thursday, 10 September 2020, the Tax Appeal Tribunal (TAT), Lagos Division delivered a judgment in a matter between Ess-ay Holdings Limited (the Appellant) and the Federal Inland Revenue Service (FIRS or the Respondent). The matter bordered on the applicability of Value Added Tax (VAT) on rental income and