On 26 May 2023, the Tax Appeal Tribunal (TAT or “the Tribunal”) sitting in Lagos State delivered a ruling in the case of Bolt Operations OU (“Bolt” or “the Company”) v Federal Inland Revenue Service (FIRS) on the validity of the decision of FIRS to appoint Bolt as an agent for the collection of VAT, by virtue of its powers under Section 10 of the Value Added Tax (VAT) Act (as amended). The Tribunal, ruling in favour of the FIRS, held that the FIRS acted within the provisions of the law and validly exercised its powers to appoint Bolt as an agent of collection of VAT from the activities of food vendors and ride-hailers that use Bolt’s platform for meeting customers’ needs.
Source: ng.andersen.com
