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The current VAT derivation model attributes VAT to the state of remittance, usually the head office location.
Contrary to some trending misinformation, the proposed model seeks to ensure fairness by attributing VAT to the location of supply and consumption as indicated under S.22(12) of the Nigeria Tax Administration Bill which states that:
“For the purpose of attribution, any return under this section shall provide details of derivation of taxable supplies by location ...”
Watch this short video for more context https://bit.ly/48LIVBN?twclid=2-10jb417vccavy7yqc8pechnn1 or the full video here https://bit.ly/4fjWoDp?twclid=2-10jb417vccavy7yqc8pechnn1
Remember - "You're not entitled to your opinion, you're entitled to your *informed* opinion ..." - Harlan Ellison
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