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Tag: VAT

VAT: How to calculate VAT as a business owner

The amount remitted to the tax authorities as a business owner is “tax liability”. In this video, we teach you how to calculate VAT as a business owner in Nigeria. Don’t know what VAT is? Check out this video where we explain it. FOLLOW US on Social Media Linkedin Instagram

VAT: What is Value Added Tax?

Do you know that as a final consumer you pay Value Added Tax (VAT)? In this video, we explain who a final consumer is, what VAT is and why it is charged. Learn the basics of VAT in Nigeria. FOLLOW US on Social Media Linkedin Instagram Facebook  

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