The Federal Inland Revenue Service (FIRS) has issued Information
Circular No.: 2021/03 (“the Circular”) on the application of Value Added
Tax (VAT) on road tolls, paid parking, access pass, recreational or
entertainment parks, admission to events and other related services based on
Section 2 (1) of VAT Act, Cap. V1, LFN, 2004 (as amended) (VATA or “the Act”).
We have provided below, a summary of the key aspects
of the Circular: