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Nigeria: Federal Inland Revenue Service's Information Circular No. 2021/19 entered into force

Policy overview

Description

Federal Inland Revenue Service's Information Circular No. 2021/19 entered into force

On 1 January 2022, the Federal Inland Revenue Service's Information Circular No. 2021/19 entered into force. The circular applies to digital goods and services provided by entities not physically present in Nigeria and mandates VAT registration. The criterion for registration is an anticipated turnover exceeding USD 25'000 within any given 12-month period.

Original source

Scope

Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
platform intermediary: user-generated content, platform intermediary: e-commerce, platform intermediary: other
Implementation Level
national
Government Branch
executive
Government Body
tax authority

Complete timeline of this policy change

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2021-10-11
adopted

On 11 October 2021, Nigeria's Federal Inland Revenue Service (FIRS) adopted Information Circular No…

2022-01-01
in force

On 1 January 2022, the Federal Inland Revenue Service's Information Circular No. 2021/19 entered in…

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