The Finance Act (FA) 2019 introduced significant amendments to the Value Added Tax Act (VATA). The FIRS circular seeks to provide guidance on how the FIRS intends to implement the VAT amendments.


In this publication, we examine some of the matters clarified in the FIRS circular, including:

  1. 1.Definition of goods and services;
  2. 2.Transition to the new VAT rate,
  3. 3.VAT registration and deregistration;
  4. 4.Self accounting for VAT;
  5. 5.Registration by non-residents;
  6. 6.Introduction of VAT threshold;
  7. 7.Business reorganisation;
  8. 8.Exported service;
  9. 9.Penalty regime; and
  10. 10.Status of the information circular.

Our Tax Alert and a copy of the FIRS Information Circular are below for further details:

Download PwC Tax Alert_FIRS Circular on VAT amendments_May2020

Download FIRS VAT Information Circular_May2020

Originally published 5 May, 2020

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.