PAYMENT OF TAX: Whether a foreign company that carries on business in Nigeria is liable to pay VAT even when the conditions precedent for the payment of same are not fulfilled- VODACOM BUSINESS NIGERIA LIMITED v. FEDERAL INLAND REVENUE SERVICE(2019)
HELD:
"In the consideration of issue number one above, I resolved the same in favour of the Respondent to the effect that based on a holistic construction of Sections 2, 10 and 46 of the VAT Act, the decision of the Tribunal and the lower court that the transaction between the Appellant and the non-resident foreign company is VATable, is the correct decision. Perhaps it is pertinent at this stage to state that an appellate Court is concerned with whether the decision appealed against is the correct decision and not whether the reasons given for the decision are correct.
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