Finance minister Kemi Adeosun said revenue from VAT and Witholding Tax was being lost ©
Finance minister Kemi Adeosun said revenue from VAT and Witholding Tax was being lost ©

Nigeria targets vendor invoices to plug $278m tax shortfall

11 January 2018

Vendors supplying ministries, departments and agencies will no longer be paid unless their Tax Identification Number (TIN) is included on their invoice, the Nigerian government has said.

The move is part of an effort to stop “persistent leakages in revenue remittance” by vendors to the government and was handed down to the accountant general by minister of finance Kemi Adeosun.

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