The Federal Inland Revenue Service (FIRS) recently published Information Circular No. 2023/01, which is dated 3 March 2023. The Information Circular contains guidelines on the withholding and self-account of Value Added Tax (VAT). The main parts of the guidelines include the following:
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Subject: GUIDELINE ON THE WITHHOLDING AND SELF-ACCOUNT OF VALUE ADDED TAX (VAT)
This Circular is issued by the Federal Inland Revenue Service ("the Service") for the guidance of the general public, tax…