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HOW TO REMIT VAT In this video, I break down the essentials of remitting VAT in Nigeria, focusing on the net difference method to ensure you're calculating and paying accurately without overcomplicating things. Whether you're a business owner, freelancer, or just starting out, understanding VAT remittance is crucial to staying compliant with the Nigerian Revenue Services (NRS). I also dive into a common pitfall: the responsibilities that come with registering a company in Nigeria. Many entrepreneurs rush to incorporate due to the ₦50 million annual turnover threshold for VAT registration, but overlook the ongoing obligation to file tax returns regularly—even if your business hasn't generated any revenue yet. Learn how to avoid penalties, fines, and compliance headaches by knowing your duties upfront. If you're navigating Nigerian tax laws, this guide is for you! Don't forget to like, subscribe, and hit the notification bell for more practical business and finance tips. Drop your questions in the comments below—what's your biggest tax challenge? #VATinNigeria #TaxCompliance #BusinessRegistrationNigeria #FIRS #NigerianEntrepreneurs #VATRemittance #TaxReturns