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NIGERIAN VAT: A Practitioner's Guide

Read our Kingsley Amaefule’s article titled “Nigerian VAT: A Practitioner’s Guide” published byThomson Reuters/Tax & Accounting in the May 2017 edition of its Journal of International Taxation. Matters of interest to your organization in the article may include:

a.        A critique of TAT’s decisions in Gazprom v FIRS(provision of consultancy services by a non-resident to a Nigerian entity) and Vodacom v FIRS(vatability of a transaction involving satellite-based bandwidth capacity)

b.        Vatability of:

           i.    Choses in action and intangible property generally

           ii.   Ports and terminal operations

           iii.  Upstream petroleum divestments

           iv.  Cross-border trade

           v.   EPZ transactions and subcontracting and

           vi.  Acquisition of geologic information

c.        Contract structuring for VAT efficiency