Get paid VAT for living your life
You can receive VAT the way the Federal Government does. You don't need to know anything about tax. I will simplify and break it down. Just read and enjoy. Taxation has always been a tough nut to crack, especially with the annual revisions in the finance act, and other matters that concern tax. As a student of accounting and finance, the taxation system of Nigeria, though simple, got me confused. I will attribute this difficulty with the regular review of the tax laws. It always caught me off guard. I wanted it to be clear in my subconscious. I wanted to come up with a model that will help the average Nigerian (using taxation of course). I found the right model - VAT. What is VAT? VAT is an acronym for Value-added Tax. So for every value added, there's a tax for it. For transforming a tree to a pencil, there is a tax for it. For enjoying something that will add value to your life, there's a tax for it. Electricity bills are taxed, because they will add value to you. There a