Nigeria: The Organised Private Sector and VAT

24 September 2021
editorial

The OPS should continue to remit their VAT to the FIRS until the issues are resolved

Whenever there is doubt on an issue, and an appellate court intervenes and rules that the status quo should be maintained, it is the position before the trial that stands. But since nothing is ever certain in Nigeria, manufacturers, and service providers under the Organised Private Sector of Nigeria (OPSN) have expressed concerns over how to pay the Value Added Tax (VAT) and to where the proceeds should go. "We are aware that by September 21 we will get penalised if we do not pay or remit the VAT for the month of August... The confusion in the public space is the reason we are calling on the government to come to our aid as we want to pay," said OPSN Chairman, Taiwo Adeniyi.

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