TAG: VAT






FIRS Will Ground Airlines Over Tax Evasion

The Federal Inland Revenue Services (FIRS) is set to stop airlines that have failed to pay their Value Added...


FG, States Share Another N518.542b June Federation Revenue

The Federal Government and the 36 states of the federation yesterday distributed the sum of N518.542 billion being federally...


Nigeria’s Tax Revenue Collected (2000 – 2014)

  YEAR ACTUAL (N BILLION) TARGET ( N BILLION) 2000 455 381 2001 587 501 2002 434 396 2003...


What You Need To Know About Value Added Tax (VAT) In Nigeria

  VAT is a tax on the supply of goods and services which is eventually borne by the final...


B-E-W-A-R-E: The Following Taxes Must Be Filed Before June 30th, 2014

It’s definitely that time of the year again where we get to file our tax returns. Considering that most...


How Cost Of Sale Can Increase or Reduce Your Vat Remittances

    I have issued a tutorial on this blog on how to calculate vat in Nigeria. Whilst that...


Should I Pay Vat On Rent And When I Acquire A Property

Case Examples Mike recently “sold a piece of Land” he inherited from his father for N20m. On filing his...


How To Calculate Vat Remittances In Nigeria

Value Added Tax is an indirect form of taxation that is based on the consumption pattern of individuals and...