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Daily Archives: May 6, 2021

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FIRS’ Circular on the VAT treatment of Services Rendered by Financial Institutions in Nigeria

Articles, English, Thought LeadershipBy Centurion Law GroupMay 6, 2021

The Federal Inland Revenue Service (“FIRS”) recently issued a circular, Value Added Tax (VAT) on Services Rendered by Financial Institutions No: 2021/04 (“the Circular”), to clarify the VAT treatment of services rendered to and by Financial Institutions (“FIs”) in Nigeria.

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