FIRS Postpones Implementation Of VAT Guidelines For Non-Resident Goods Suppliers

The Federal Inland Revenue Service (FIRS) has postponed the implementation guidelines for the value-added tax simplified compliance regime on the supply of low-value goods through digital means by non-resident suppliers.

 

The implementation was earlier scheduled to commence on January 1, 2024.

 

FIRS disclosed this in a statement signed by its Executive Chairman, Zacch Adedeji, and posted on its X handle on Monday.

 

It explained that the postponement was to allow the Service to conclude the development of a seamless process for the effective and efficient process of the collection and remittance of the tax.

 

The statement reads in part, “The Federal Inland Revenue Service wishes to notify the general public, tax practitioners and all non-resident suppliers of goods to Nigeria through e-commerce or digital means that:

 

“The implementation of the Guidelines on Simplified Compliance Regime on Value Added Tax (VAT) for non-resident suppliers of goods to Nigeria through digital platforms, scheduled to commence from 1st January 2024, has been postponed.

 

“This postponement is to allow the Service to conclude the development of a seamless process for the effective and efficient process of the collection and remittance of the tax.

 

“The Service shall continue to engage with stakeholders to ensure seamless and effective development and implementation of the Guidelines on goods supplied to Nigeria, through digital platforms, by non-resident suppliers in due course.”

 

“The implementation of the Guidelines on the supply of services and intangibles by non-residents commenced on 1st January 2022 and is NOT affected by this notice. Consequently, all non-resident suppliers of services and intangibles should continue to comply with the provisions of the Guidelines concerning the collection and remittance of the tax as and when due,” the statement added.