VAT is charged on the supply of goods and services in the country, including those imported into the country, except the goods and services specifically exempted under the VAT Act. Originally the Federal Inland Revenue Service (FIRS) is in charge of collecting VAT on behalf of the 36 states ...
If you don’t charge sales tax or VAT, this is also your total amount due. If you need to charge sales tax, indicate the sales tax rate you’re charging, multiply the subtotal by the sales tax rate, and add the result to the total due. For example: Subtotal: $100 Sales tax ...
Curious about Goods and Services Tax (GST)? Discover why it is considered an indirect sales tax and what are the main differences with VAT.
GST (Good and Service Tax) is a value-added tax applied to the cost of certain goods and services. Learn more about what GST is in this guide by QuickBooks.
Is demurrage a tax? The Federal Inland Revenue Service considers demurrage asan income chargeable under the CITAwhile shipping companies regard it as part of shipping income earned in respect of inbound operation which should not be taxed, as inbound freight income is not taxable in Nigeria. ...
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Industry Co.,Ltd (VAT No.: 9144190007026567X3, registered Capital 500000CNY) is a leading manufacturer and supplier of screw jacks (mechanical actuators), bevel gearboxes, lifting systems, linear actuators, gearmotors and speed reducers, and others linear motion a...
projects in some parts of the north of Nigeria, Niger Republic and Mauritania and also in those places that are presumed by science to be the heart of the Sahara. I also conducted further research in the Gobi Desert in China, and deserts in Arizona and Nevada in the United States of ...
This narrative on solar equipment import is not uniform across Africa. In Nigeria, arguably one of the largest solar markets in Africa, the market is a little less structured and a little less regulated. Solar power equipment use and deployment in Nigeria does not boost of similar levels of ...
Zoho Commerce stores operating out of Bahrain can enable 10% Value Added Tax (VAT), which is in line with the recent official order of Bahrain. 2021 Mega menus Features The Zoho Commerce builder now has expanded menu items. You can choose from many options in a drop-down layout, including...