Telcos, Radio, TV Stations To Pay VAT On Mast, Others From September—-FIRS

The Federal Inland Revenue Service will begin its new Value Added Tax regime for companies by September as the Federal Government doubles its search for revenues.

The FIRS said subject to the Finance Act 2023, VAT withheld or collected, VAT on items excluded from building, the new Tertiary Education Tax rate of 3 per cent and Investment Allowances and Convertible Currencies will become effective September 1, 2023.

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