The National Bureau of Statistics (NBS) disclosed the Value Added Tax (VAT) for the second quarter (Q2) 2023 was N781.35 billion, rising by 10.11 per cent...
The federal, states and local councils shared a total sum of N736.7 billion as revenue allocation for October. The Director of Information/Press, Ministry of Finance, Budget...
The Federation Accounts Allocation Committee (FAAC) has distributed the total sum of N574.7 billion to the three tiers of government to be able to sort their...
The Federation Accounts Allocation Committee (FAAC) has shared a total of N616.886 to the federal, states, and local councils as revenue allocation for April. The Director...
Nigeria made about N14.43 trillion from Value Added Tax (VAT) and Company Income Tax (CIT) in six years from 2015-2020, an analysis of data published today...
The National Bureau of Statistics (NBS) has revealed that Nigeria was only able to meet 75 percent of its target Value Added Tax (VAT) revenue in...
The International Monetary Fund (IMF) Friday proposed a hike in Value Added Tax (VAT) and excise duties for Nigeria, suggesting that the implementation of the recommendations...
Value Added Tax (VAT) taxpayers, failing to meet their payment obligations within the stipulated window, will face the sanction of having the payable amount upped from...
The Value Added Tax (VAT) amassed by the Nigerian government in the first half of 2020 totalled N651.77 billion, 8.5% higher than the figure for the...
The Federation Accounts Allocation Committee (FAAC) on Friday shared N606.196 billion to the three tiers of government for the month of April. The Director of Information...
The Association of Private Transport Companies of Nigeria (APTCON) has countered the demand of airline operators for financial intervention with a demand of their own, stating...
President Muhammadu Buhari has sent a request to the House of Representatives in a bid to modify the newly approved Finance Act. Femi Gbajabiamila, the Speaker,...
The National Association of Nigerian Students (NANS) has declared that the recent upward review of workers’ minimum wage from N18,000 to N30,000 has been rendered useless...
The Nigeria Governors’ Forum (NGF) on Wednesday night advised the National Assembly to hold a public hearing on the hate speech bill to ensure that views...
The Peoples Democratic Party (PDP) has called on the Senate to assert its independence and refuse to allow the President Muhammadu Buhari-led executive to railroad it...
The All Progressives Congress (APC) has asked the federal government not to pay a N7 billion Value Added Tax (VAT) refund to the Bayelsa State government,...
The Presidency on Tuesday said revenue accruable from increased Value Added Tax (VAT) would be invested into developing the health and education sectors. The Senior Special...
A bill seeking to impose a nine percent tax on Nigerians for using communication and cable television services in the country on Wednesday passed the first...
Human Rights Lawyer, Femi Falana, has kicked against any increase in Value Added Tax (VAT) until the National Assembly carry out an amendment into the VAT...
The Peoples Democratic Party (PDP) has called on the Federal Government to reverse its decision to increase the Value Added Tax (VAT) from the current 5...
The Nigeria Employers’ Consultative Association (NECA) has warned against the implementation of the 7.2 per cent Value Added Tax (VAT) approved by the Federal Executive Council,...
A total of N311.94 billion has been generated by the Federal between April and June 2019 through the Value Added Tax (VAT), statistics from the National...
The federal government has said it would begin the deduction of Value Added Tax (VAT) on all online transactions both locally and internationally effective January 2020....
Let me quickly congratulate you if you benefitted from the Business Incentive Strategy (BIS) by the Corporate Affairs Commission (CAC) where you paid a token of...
The International Monetary Fund (IMF) has thrown its weight behind the planned increase in Value Added Tax (VAT) by the Federal Government. The Organisation also encouraged...
The Secretary-General of the Association of Senior Civil Servants of Nigeria (ASCSN) has said the funds generated by Federal Government through the Nigeria Customs Service (NSC),...
Data released by the National Bureau of Statistics (NBS) has shown that the manufacturing sector made the highest contribution to the Value Added Tax (VAT) generated...
The Federal Executive Council (FEC) has approved two Executive Orders and five tax policy Amendment Bills as it aims at reducing tax burden on Nigerians and...
