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Nigeria Postpones Implementation of Simplified Compliance Regime for VAT for Non-Resident Suppliers of Goods

18 January 2024

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Nigeria

Nigeria's Federal Inland Revenue Service (FIRS) issued a public notice via X (formerly Twitter) on 15 January 2024 announcing that it has postponed the implementation of the Guidelines on the Simplified Compliance Regime for VAT for Non-Resident Suppliers with respect to goods. As previously reported, guidelines came into effect from 1 January 2022 with respect to supplies of services and intangibles, which is confirmed in the notice, and were to come into effect on 1 January 2024 for goods. However, this is being postponed because the FIRS has not yet concluded the development of the process for collection and remittance...