But the big question remains: who actually pays for VAT, and how does it affect the cost of everything you buy ... all the way up to the final sale. The VAT paid by shoppers is based on the ...

Hi, we purchased a vacant property in June 2024 via Auction. This consisted of former restaurant with residential upper parts.

The VAT law creates a legal fiction of two identical sales occurring consecutively ... as the bed is part of the cost of providing the room rental. However, ViDA’s deemed supplier rules would ...

Restaurants, burdened by a tripling of VAT, have experienced a 15% decline in sales. Additionally, the prices of LPG cylinders, mobile phone services, cigarettes, and eyewear have all risen ...

As a result, even operating expenses, which are not classified as cost of sales or cost of services but still are connected to the export activities, may now qualify for VAT zero-rating if they are ...

The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has said that the proposed Value Added Tax (VAT) reform will reduce the cost of manufacturing by about 3.3 percent when ...