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Nigeria Issues Information Circular Providing Clarification on the Implementation of the VAT Provisions of the Finance Act 2019

|Approved Changes|Nigeria
Nigeria

Nigeria's Federal Inland Revenue Service (FIRS) has issued Information Circular No. 2020/02 of 29 April 2020, which provides clarification on the implementation of the value added tax (VAT) provisions in the Finance Act 2019. The Finance Act 2019, which was signed into law in January 2020, includes several VAT changes. Some of the key clarifications provided are summarized as follows:

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