Investor Presentaiton

Free Trade Zones & Nigeria Tax Regime Tax Implication of FTZ Transactions a. Purchases by Approved Enterprises in FTZs from companies in the customs territory. Impact: No VAT; No WHT. b. Sales made by Approved Enterprises to companies in the customs territory. Impact: VAT payable by purchaser; No WHT. c. Purchases/sales made from customs territory by unapproved enterprises operating within the Zones. Impact: VAT and WHT applicable. d. Imported goods conveyed through other ports outside the Zones but consigned to the Zones. Impact: No VAT; No WHT (Customs escort proviso). e. Submission of tax returns - Approved Enterprises to submit tax returns through the Authority to FIRS. TEMPLARS

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