It is not uncommon for non-resident clients to ask their Nigerian advisers the above question, presumably because VAT should not be charged on the Nigerian firm’s invoice since such services are ‘exports.’ This question becomes poignant when the same client respectively receives VAT and non-VAT invoices from Nigerian advisers on the same transaction. Expectedly, some clients would engage with their advisers who charge VAT to understand the rationale for such treatment. The 5% VAT could be substantial; and most likely irrecoverable because there is no output VAT against which the non-resident could set off the (input) VAT it had been charged.
Read More
-and-Limited-partnerships-(LPs).jpg)
