Indirect Tax Advisory

Understanding Indirect Taxes in Nigeria

Indirect taxes, such as VAT, customs duties, excise duties, and consumption taxes, are levied on goods and services at various points in the supply chain. Unlike direct taxes, these taxes are typically passed on to the end consumer. In Nigeria, indirect tax regulations are governed by multiple laws and administrative bodies, including the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS). Keeping up with frequent regulatory changes, reporting requirements, and deadlines can be a daunting task without expert guidance. Failure to manage indirect taxes effectively can lead to compliance risks, financial penalties, and reputational damage. That’s where Stransact comes in—providing expert advisory and support to help you navigate the complexities of indirect tax regulations with confidence.

Our Indirect Tax Advisory Services

Stransact offers a wide range of indirect tax services designed to simplify compliance, optimize tax efficiency, and minimize risks. Our key services include:

• Value-Added Tax (VAT) Compliance and Advisory:
  • Advisory on VAT registration, filing, and compliance.
  • Assistance with VAT recovery, refunds, and input-output tax reconciliation.
  • Guidance on the correct application of VAT rates, exemptions, and zero-rated supplies.
• Customs and Excise Duties:
  • Assistance with customs valuation, classification, and duty optimization.
  • Advisory on excise duty compliance for manufacturers and importers.
  • Representation during customs audits and dispute resolution.
• Tax Structuring and Planning:
  • Strategic planning to optimize your indirect tax structure.
  • Advisory on tax-efficient supply chain management and transaction structuring.
• Tax Risk Management:
  • Identification and mitigation of risks associated with indirect taxes.
  • Assistance in resolving disputes with tax authorities and mitigating penalties.
• Regulatory Updates and Training:
  • Regular updates on changes in indirect tax laws and policies.
  • Tailored training programs for your team to ensure awareness and compliance.
• Audit and Dispute Resolution:
  • Preparation and review of documentation for tax audits.
  • Representation before tax authorities to resolve disputes and negotiate settlements.

Why Choose Stransact?

At Stransact, we go beyond compliance to deliver strategic value to our clients. Here’s what sets us apart:

• In-Depth Expertise: Our team of seasoned tax advisors has extensive knowledge of Nigerian indirect tax laws and international best practices, ensuring accurate and compliant service delivery.
• Customized Solutions: We recognize that every business is unique. Our advisory services are tailored to your specific industry, business model, and operational needs.
• Technology-Driven Approach: By leveraging advanced tools and technologies, we simplify compliance processes, improve accuracy, and enhance efficiency.
• Proactive Support: We stay ahead of regulatory changes to provide timely advice and help you navigate evolving tax environments seamlessly.
• Client-Centric Philosophy: At Stransact, your success is our priority. We are committed to building long-term partnerships through responsive service, clear communication, and actionable insights.

How Stransact Can Help

Managing indirect taxes doesn’t have to be a burden. With Stransact’s expert guidance, you can focus on running your business while we handle the complexities of tax compliance. Whether you need assistance with VAT filing, customs duties, or tax-efficient structuring, our dedicated team is here to support you every step of the way. Contact us today to schedule a consultation with our tax advisory experts. Let Stransact be your trusted partner in indirect tax compliance, delivering innovative solutions that empower your business to thrive in a competitive marketplace. Together, we’ll build a solid foundation for sustainable growth and success.