A non-resident company supplying taxable goods to a Nigerian customer is required to:
AIgnore Nigerian VAT entirely
BRegister for VAT in Nigeria and include VAT on its invoiceCORRECT
CPay VAT only if it has a fixed base in Nigeria
DCharge VAT at 5%
ICANTaxationValue Added Tax2022
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
The Finance Act requires a non-resident supplying taxable goods or services to Nigeria to register for VAT and include the tax on its invoice; the Nigerian recipient must withhold and remit the VAT where the supplier fails to charge it.
Want this in Pidgin, Yoruba, Igbo or Hausa? Sign up free →
Practice more Taxation questions
ICAN Taxation has thousands more questions like this — with Worked answers on every one.