Value Added Tax Notice

Introduction

Welcome to RightShore Africa's Value Added Tax (VAT) Notice. At RightShore Africa, we are committed to transparency and compliance with all applicable tax laws and regulations, including Value Added Tax. This notice outlines our VAT responsibilities and how they apply to our services as an investment management company operating in Nigeria.

VAT Registration

As per the Value Added Tax Act Cap V1, LFN 2004 (as amended) and the Finance Act 2023 in Nigeria, RightShore Africa is a registered taxpayer, and we hold a valid VAT registration certificate. Our VAT registration number is TIN: 19758241-0001

VAT Rate

The standard VAT rate in Nigeria is currently 7.5 percent. This rate may be subject to change according to government regulations.

VAT on Our Services

As an investment management company, RightShore Africa provides services to a wide range of clients, including venture capital, private capital investors, private capital markets, private equity, angel investors, syndicate investment, limited partners, accredited investors, institutional investors, and individual investors. The VAT treatment of our services may vary depending on the nature of the service and the status of the client.

Exempt Services: Some of our services may be exempt from VAT as per the provisions of the Value Added Tax Act. These exemptions are determined by law and may apply to specific transactions.

Taxable Services: Certain services we provide may be subject to VAT at the standard rate. In such cases, we will charge VAT to our clients in compliance with Nigerian tax laws.

VAT Invoices

For services subject to VAT, RightShore Africa will issue VAT-compliant invoices to our clients. These invoices will include all relevant details, including the VAT amount, in accordance with the requirements of the Value Added Tax Act.

VAT Payments

We are committed to fulfilling our VAT obligations promptly. RightShore Africa will remit the collected VAT to the appropriate tax authorities as required by law. This ensures that we contribute to the country's economic development and infrastructure.

Client Obligations

Clients of RightShore Africa, whether venture capital firms, private investors, or any other category mentioned above, should be aware of their obligations related to VAT compliance. If you have any questions about how VAT applies to your specific transactions with us, we recommend seeking professional advice from a tax consultant or contacting the relevant tax authorities.

Contact Us

If you have any questions or require further information regarding RightShore Africa's VAT compliance or any other tax-related matters, please feel free to contact our dedicated tax department at [Insert Contact Information].

Conclusion

RightShore Africa remains dedicated to adhering to all applicable tax regulations, including Value Added Tax, in Nigeria. We appreciate your trust in our services, and we are committed to providing the highest level of transparency and compliance in all our financial dealings.

Thank you for choosing RightShore Africa as your trusted investment management partner.

Disclaimer: This Value Added Tax Notice is intended for informational purposes only and should not be considered as legal or tax advice. For personalized advice or specific inquiries regarding VAT compliance, please consult with a qualified tax professional.