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
