The National Bureau of Statistics (NBS) says N338.94billion was generated as Value Added Tax (VAT) in the first quarter (Q1) of 2020. SEE ALSO: COVID-19:... Read More
VAT
Some experts on Tuesday said the exemption of some basic consumption items from Value Added Tax (VAT) would boost local production and reduce economic hardship.... Read More
Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning says the implementation of Value Added Tax (VAT) increase from five per cent to... Read More
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), says the removal of Value Added Tax (VAT) on cooking gas by the Federal Government will... Read More
Some financial experts on Thursday said that Value Added Tax (VAT) increment by the Federal Government would further dampen purchasing power of Nigerians. They told... Read More
The Federal Executive Council on Wednesday approved a 7.2% new VAT rate on consumer goods which will become effective sometime in the year 2020. Also... Read More
The Federal Government earned N311.94bn VAT between April and June, according to the National Bureau of Statistics (NBS). The figure trumped the record of the... Read More
Mixed reactions have trailed the proposed plan by the Federal Government to slam a five per cent Value Added Tax (VAT) on goods bought online.... Read More
Nigerians berate FG’s plans to charge 5% VAT on all online transactions
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Some displeased Nigerians after taken to social media to air their opinion on the proposed idea of charging an extra 5 percent Value Added Tax... Read More
The Tax Appeal Tribunal, sitting in Abuja on Wednesday, reversed N29.2 million Federal Inland Revenue Service’s (FIRS) imposed as value added tax on Infinity Trust... Read More
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