The Federal Inland Revenue Service (“FIRS” or “the Service”) recently issued a Public Notice informing the public of its intention to automate Value Added Tax (VAT) Collection System for branded shops, super stores, general supermarkets, standard restaurants and eateries nationwide. According to the Public Notice, the Automated VAT platform (“VATrac” or eVAT) will become the approved channel for all VAT returns filing and payment processing effective 1 April 2020.
Source: andersentax.ng
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