Amid the ongoing tax reform uproar in Nigeria, the Nigerian government has raked in the sum of N1.78 trillion from Value Added Tax (VAT) in the...
The Federal Government has fully exempted 61 items from Value-Added Tax (VAT). The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele,...
The Federal Government will begin the collection of Value-Added Tax of 7.5 percent on every cryptocurrency transaction from July 8. One of the cryptocurrency platforms in...
A report by the National Bureau of Statistics indicated that Nigeria grew its taxes collected from consumption products and organizations by 59.8 per cent in the...
The combination of Value Added Tax (VAT) and Company Income Tax (CIT) fetched Nigeria N2.33tr in revenue in the fourth quarter of 2024, fresh data from...
The Nigeria Liquified Natural Gas, (NLNG) Ltd., has attributed the rising cost of cooking gas in the country to scarcity of Foreign Exchange (FX), Federal Government’s...
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 Government generated N5.3 trillion from Value Added Tax (VAT) and Company Income Tax in 2022. This represents a 42.14 per cent increase from the...
The Federal Government generated N1.4 trillion from Value Added Tax (VAT) and Company Income Tax in three months. The National Bureau of Statistics (NBS) disclosed this...
For taxable supplies made to them, Deposit Money Banks (DMBs), MTN and Airtel will withhold the 7.5 per cent Value Added Tax (VAT) on behalf of...
The Federal Government generated N600.15 billion as Value Added Tax (VAT) in the second quarter of this year. The National Bureau of Statistics (NBS) disclosed this...
The Federation Account Allocation Committee (FAAC) has shared a total sum of N802.407 billion June 2022 federation account revenue to the federal government, states and local...
Nigerian and foreign companies have remitted a total of N588.59 billion from Value Added Tax (VAT) in the first three months of this year. This is...
Revenue from Value Added Tax (VAT) in Nigeria increased to N563.72 billion in the last quarter of 2021, the National Bureau of Statistics (NBS) has revealed....
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 Manufacturer Association(MAN) has detailed what the new N10 per litre excise duty on carbonated, and non-alcoholic drinks means for the manufacturing industry and Nigerians. In...
The federal , states, and local governments shared N675.94 billion from the federation account in November. This was disclosed by Olajide Oshundun, Acting Director, Information, Ministry...
META the parent company of Facebook and Instagram has announced that Nigerians from January will be charged 7.5 percent value-added tax for using Facebook and Instagram...
The Nigerian government has reported that it generated N500.49 million in the third quarter of 2021, amid the continuing dispute over which tier of government collects...
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, said on Friday the Federal Government is considering an out-of-court settlement with states the ongoing dispute...
The Bauchi State government said on Friday the disagreement between the Federal Government and some state governments over collection of Value Added Tax (VAT) would affect...
The Rivers State Governor, Nyesom Wike, said on Sunday the state was not fighting the Federal Government or any of its agencies over the collection of...
The Court of Appeal sitting in Abuja on Thursday granted a request by the Lagos State government to join Rivers State in the appeal filed by...
Oyo State Government has asked to join Rivers State in its suit against the Federal Government, following an application submitted to the Court of Appeal sitting...
The Northern Governors’ Forum on Monday rejected the Value Added Tax (VAT) law signed recently by Lagos and River State governments. The governors also described as...
The discourse on fiscal federalism and states’ right to collect Value-Added Tax (VAT) continues as the Northern Governors’ Forum is scheduled to meet later today (Monday)...
Minister of Justice and Attorney General of the Federation, Abubakar Malami (SAN) and the Minister of Finance, Budget and National Planning, Zainab Ahmed, have weighed in...
The Governor of Rivers State, Nyesom Wike, has knocked those criticising the move by the state government to challenge the legality of the Federal Inland Revenue...
The Nigerian Organized Private Sector (OPS) has requested clarification on who should get the August Value Added Tax (VAT) collected by businesses, which is due for...
The Federal Inland Revenue Service (FIRS) has called on Civil Society Organisations (CSOs) to register for tax purposes and obtain Taxpayer Identification Number (TIN), threatening to...
The Southern Governors’ Forum on Thursday declared support for the collection of the Value Added Tax (VAT) by states. The forum also charged governors to expedite...
[responsivevoice_button voice=”UK English Female” buttontext=”Listen to Post”] Over the last two decades, 36 states, including the federal capital, have shared about N4.63 trillion in value added...
The Rivers State government on Tuesday dragged the Federal Inland Revenue Service (FIRS) to the Supreme Court over the collection of Value Added Tax (VAT). In...
A bill seeking to empower the Ogun State government on the collection of Value Added Tax (VAT) on certain goods and services scaled second reading at...
The joint suit by Lagos and Rivers States to challenge the collection of Value Added Tax by the Federal Inland Revenue Service (FIRS) has resulted in...
Rivers State Governor, Nyesom Wike and the Lagos State Governor, Babajide Sanwo-Olu may have walked their way into the good books of Nigerians on social media...
The Lagos State Government has applied to be joined as a co-respondent in the appeal filed by the Federal Inland Revenue Service (FIRS) against the judgement...
The Governor of Lagos State, Babajide Sanwo-Olu, on Friday joined his Rivers State counterpart, Governor Nyesom Wike, to sign the State’s Value Added Tax Bill into...
The Conference of 57 Local Governments and Local Council Development Areas (LCDAs) in Lagos State has requested an equal sharing formula with the state in the...
As the debate of the collection of VAT by states rages, the Kano State Hisbah Board says it has confiscated two vehicles loaded with 5,760 cartons...
The governor of Rivers State has threatened that the state government will shut down the premises of any bank or business organisation in the state that...
Justice Stephen Dalyop Pam of the Federal High Court, Port Harcourt, on Monday dismissed an application filed by the Federal Inland Revenue Service (FIRS), seeking to...
Governor Nyesom Wike of Rivers State on Thursday signed into law the bill on Value Added Tax (VAT) collection in the state. Wike signed the recently...
The Federal Inland Revenue Service (FIRS) has said it will appeal the judgement barring it from collecting Value Added Tax (VAT) in Rivers State. The tax...
The Federal Inland Revenue Service (FIRS) has been ordered to stop demanding and collecting value-added tax (VAT) and personal income tax (PIT) across Nigeria. A federal...
The Federation Accounts Allocation Committee (FAAC) on Friday shared a total of N733.095 billion as June 2021 Federation Account Revenue to the Federal, States and Local...
The National Bureau of Statistics (NBS) on Saturday revealed that the total sum of N496.39 billion was generated as Value Added Tax (VAT) in the first...
The Federation Accounts Allocation Committee (FAAC) has shared N640.310 billion to the three tiers of government for January. Mr Hassan Dodo, the Director of Information, Ministry...
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...
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...
