Nigeria: Finance Act 2019 entered into force requiring non-resident companies to register for Value Added Tax

On 13 January 2020, the President signed the Finance Bill 2019 into law, and it entered into force. The Act introduces amendments to the Value Added Tax (VAT) Act to ensure that non-resident companies providing taxable goods or services in Nigeria are properly captured under the VAT regime. Non-resident companies are required to register for VAT using the address of their Nigerian counterpart and must include VAT on invoices for taxable services supplied in Nigeria. If VAT is not charged, the Nigerian recipient is obligated to self-account for and remit the VAT to the Federal Inland Revenue Service (FIRS).