MTN, Airtel, as well as money deposit banks in Nigeria have been appointed by the Federal Inland Revenue Service (FIRS) to withhold Value Added Tax (VAT) charged on all taxable supplies made to them, and remit to the Service. This is contained in a Public Notice the FIRS issued on the 7th of November, signed by its Executive Chairman, Muhammad Nami, where it explained the role of the companies as well as the obligations of their suppliers with regards to the withholding of Value Added Tax. “This Notice is given…
Read MoreFIRS AUTHORISES MTN, AIRTEL, OTHERS TO WITHHOLD VAT CHARGED TO THEM
