Value Added Tax

Value Added Tax (VAT) Notice

Updated: Effective from January 1, 2026

Introduction

Welcome to RightShore Africa’s Value Added Tax (VAT) Notice. At RightShore Africa, we are committed to transparency and total compliance with Nigerian tax laws. This notice outlines our VAT responsibilities and how they apply to our services as an investment management company.

Regulatory Framework & Registration

In compliance with the Value Added Tax Act (as amended) and the Nigeria Revenue Service (NRS) Act, RightShore Africa is a registered taxpayer. Please note that the tax authority formerly known as the Federal Inland Revenue Service (FIRS) is now the Nigeria Revenue Service (NRS).

• VAT Registration Number (TIN): 19758241-0001
• Tax Authority: Nigeria Revenue Service (NRS)

VAT Rate

The standard VAT rate in Nigeria remains 7.5%. While the tax administration has transitioned to the NRS, this rate continues to apply to all taxable goods and services provided by RightShore Africa. Any future adjustments to this rate by the Federal Government will be communicated accordingly.

VAT on Our Services

As a specialized investment management firm, RightShore Africa serves a diverse portfolio of clients, including venture capital firms, private equity, angel investors, and institutional partners. The application of VAT is categorized as follows:

• Taxable Services: Professional fees, management fees, and advisory services are subject to the standard 7.5% VAT.
• Exempt Services: Certain financial transactions and services may be exempt from VAT under the specific provisions of the VAT Act. These exemptions are determined by law based on the nature of the transaction.

VAT Invoices

For all services subject to VAT, RightShore Africa issues formal, VAT-compliant invoices. These documents provide a clear breakdown of the service fees and the 7.5% VAT component, ensuring our clients have the necessary documentation for their own tax accounting and potential input tax claims.

Remittance and Compliance

We take our role in Nigeria's economic development seriously. RightShore Africa ensures the timely remittance of all collected VAT to the Nigeria Revenue Service (NRS). This process adheres to the strict filing deadlines set by the NRS to ensure continuous regulatory standing.

Client Obligations

We encourage our clients—ranging from Limited Partners to Individual Investors—to remain mindful of their VAT obligations. If you have questions regarding how VAT impacts your specific investment structure or transactions with us, we recommend consulting with a qualified tax professional or the NRS.

Contact Us

If you require further clarification regarding our VAT compliance or any other tax-related inquiries, please reach out to our Finance Department:

• Email: finance@rightshoreafrica.com

Final Thought

RightShore Africa remains dedicated to upholding the highest standards of fiscal integrity. We appreciate your continued trust in our services and remain committed to transparency in all our financial dealings.

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

Disclaimer: This Value Added Tax Notice is intended for informational purposes only and does not constitute legal or tax advice. For specific inquiries regarding your tax position, please consult with a qualified professional.