FG May Suspend VAT On Diesel To Cushion Impact Of Fuel Subsidy Removal On…
In a bid to cushion the negative impact of the harsh operating environment on business caused by the removal of…
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Browsing Tag
vat
FIRS Records Highest Tax Revenue In Six Months, Generates N5.5trn
The Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5trn for the…
Tinubu’s Tax Reforms Committee Chairman Hints On Suspension Of 7.5% VAT On Diesel,…
Nigerians may witness the suspension of the 7.5 per cent Value Added Tax reintroduced on Automotive Gas Oil…
Over N3trn Lost To Non-Compliance With Value Added Tax Act–FG
The Director General Budget Office of the Federation, Ben Akabueze has revealed that in 2022, Nigeria lost over…
MTN Makes U-Turn, Admits Not Paying N757.7bn Tax To FIRS
Nigeria's biggest network provider, MTN Nigeria has reversed itself on the claims that it remitted N757.5bn to the…
Victory For Southern Governors As National Assembly Rejects Moving VAT To…
Tuesday marked a victory day for southern governors in their struggle for control of collection of Value Added Tax…
Increase VAT Rate To Address Revenue Underperformance, IMF Tells FG
The International Monetary Fund has called on the Federal Government to further increase the Value Added Tax rate…
Northern Governors Kick Against Move To Domicile VAT Collection In States
Governors of 19 northern states have kicked against the collection of Value Added Tax (VAT) by state governments.
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Businesses May Suffer If States Start Collecting Value Added Tax–FIRS
The decision of the Federal High Court to grant powers to states to administer Value Added Tax will make it…
Court Verdict Slashes VAT Allocation To North
A Federal High Court siting in Port Harcourt has ruled that Value Added Tax and Personal Income Tax collected in…