Post by Samson Abayomi Olubode (@abayomi4sam)

VAT COMPLIANCE ALERT!

Did you know?

If your business sells up to 25M Naira in a year, you are required to register, remit, and file VAT,
and remit and file monthly?

Failure to comply with tax laws such as VAT poses financial risks to your business.

Failure to register for VAT attracts ₦100,000 ₦50,000 for the first month and ₦25,000 for every month you fail to register.

Failure to file attracts ₦100,000 for the first month and ₦50,000 for every subsequent month you fail to file.

Failure to issue VAT invoices attracts ₦50,000 per invoice/transaction.

Late remittance/non-payment attracts 10% flat on the unpaid VAT amount

Would you rather risk these penalties or allow us to manage your taxes for your business?

Tel/whatsapp - 09040029076
Email: info@psalmuraiconsult.com

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