Vatable Services - Market Update

The Inland Revenue Department (IRD) has postponed the implementation of Value Added Tax (VAT) on digital services supplied through electronic platforms by non-resident providers to 1 July 2026, ... The Nation Newspaper: VAT on services of banks and other financial institutions The Value Added Tax Act Cap V1 LFN 2004 (as amended) imposes a tax known as Value Added Tax (VAT) on taxable goods and services. Part 2 of the First Schedule to the Act only exempts services rendered ...

China Briefing: China Specifies Services Eligible for Zero VAT Rate and VAT Exemption Jan. 10 – The beginning of China’s pilot value-added tax (VAT) reform has aimed to make transport services and a list of modern services in pilot areas subject to VAT, instead of business tax.