FIRS Issues Simplified VAT regime for Non Resident Suppliers

Further to the Finance Act 2020, the Federal Inland Revenue Service, FIRS has issued simplified VAT regime for non-resident suppliers. Non-residents that make taxable supplies of goods and services to Nigerian customers are now required to register for VAT, include VAT on their invoices and file returns. This is even if they do not have any fixed connection with Nigeria.

The FIRS has subsequently issued a circular to simplify the VAT regime and ease the adoption of the new VAT requirements for non-residents. The circular would be effective from January 2022 for the supply of services and intangibles to Nigerian customers, and from January 2024 for the supply of goods.


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