Nigeria's Tax Appeal Tribunal Holds Real Estate Rental Income Not Subject to VAT
According to recent reports, Nigeria's Tax Appeal Tribunal issued a decision on 10 September 2020 concerning whether or not real estate rental income is subject to VAT. The case involved a company that was engaged in the development of real estate properties that are leased for both commercial and residential use. In auditing the company for the 2014 to 2016 tax years, the Federal Inland Revenu…
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