The Federal Inland Revenue Service ("FIRS") has issued letters to taxpayers to start submiting schedules along with their VAT returns showing the VAT attributable to their different branches. We understand that the directive from the FIRS is meant to elicit relevant information regarding the derivation of VAT revenue from the different states and local government councils in Nigeria for revenue sharing purposes.
Read our Tax Alert attached below to see how this may affect you.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.