Why bother about your VAT calculations when SelPay can handle it all.
Business growthLet's be honest. If your current VAT calculation strategy involves a biro, the back of a receipt, and a prayer, we need to talk.
Nigeria's new tax regulations are here, and here to stay. VAT at 7.5% still stands, but the rules around what qualifies, what doesn't, and when you must remit have gotten more detailed than the recipe of your favourite dish. Miss a deadline? The penalties start stacking up faster than plates at an owambe party. Not ideal.
Now here's where most business owners do, one of two things: panic-hire an accountant they can't afford, or continue doing mental maths and hoping for the best. But we'd like to suggest a third option.
Why not SelPay?!
That's right. SelPay now calculates VAT for you. Automatically. While you sleep, while you're chasing invoices, while you're pretending to be in a meeting. The system handles it.
Here's how it works: you simply set your VAT rate once, globally. SelPay then applies it across all your products without you lifting another finger. But what if some of your products fall under different tax categories? No wahala. You can override the VAT rate at the individual product level, so every item is taxed exactly as it should be. Precise, flexible, and frankly much smarter than that biro.
Every sale gets recorded. Every invoice goes out clean. Every VAT figure is accurate and ready for remittance by the time the deadline arrives, no scrambling, no guesswork, no "erm, let me get back to you on that."
Tax season doesn't have to be a horror movie. With SelPay, it's just another Thursday.
Get started at today, your calculator deserves a break.