Value Added Tax (VAT) is a consumption tax that is ultimately paid by the end consumer of goods and services. It is incorporated into the price paid, and sellers are obliged to include the VAT amount as a separate item on the tax invoice. They collect this amount along with the price of the goods and remit it to the government

All businesses that meet certain thresholds are required to register for VAT and charge VAT on taxable goods and services. In this article, we will explore the process of registering for VAT in Nigeria.

VAT rate: The VAT rate in Nigeria is 7.5%.

Value Added Tax (VAT) is a consumption tax that is ultimately paid by the end consumer of goods and services. It is incorporated into the price paid, and sellers are obliged to include the VAT amount as a separate item on the tax invoice. They collect this amount along with the price of the goods and remit it to the government.

All businesses that meet certain thresholds are required to register for VAT and charge VAT on taxable goods and services. In this article, we will explore the process of registering for VAT in Nigeria.

VAT rate: The VAT rate in Nigeria is 7.5%

Read the full article here:

https://blog.norebase.com/vat-in-nigeria-everything-you-need-to-know/?campaignId=nairaland