A value added tax (VAT) is a form of consumption tax. VAT is a tax on consumer spending. It is collected by VAT-registered traders on their supplies of goods and services affected within the State, for consideration, to their clients. From the perspective of the buyer, it is a tax on the purchase price. From that of the seller, it is a tax only on the value added to a product, material, or service. The manufacturer remits to the government the difference between these two amounts, and retains the rest for themselves to offset the taxes they had previously paid on the inputs.
We have a team of professionals who can assist you with the VAT registrations, representation for payments of taxes, maintenance of records, representation for assessments and appeals.