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 Revenue Service (FIRS) determined that the company had failed to include VAT on its rental income from leasing commercial properties and issued an assessment for VAT due. This was objected to by the company and...