Nigeria earns N2.33 trillion from VAT, CIT in Q4 2023
Nigeria's economy witnessed a substantial influx of revenue from Value Added Tax and Company Income Tax (CIT) in the fourth ...
Tag: Value Added Tax (VAT)
Why Tinubu will have to increase VAT to 10%–Experts
Tax experts want the incoming administration to increase VAT to 10% to reduce the govt’s borrowing and also place emphasis ...
Lagos, Kano, Oyo dwarf others as states share N1.84 trillion from VAT revenue
The 36 states of the federation including the Federal CapitalTerritory shared a sum of N1.84 trillion in 3 years as ...
VAT: Benue State studying the law, will embrace it as long as it is constitutional – Ortom
The Governor of Benue State, Samuel Ortom revealed that the state is currently studying the legal implications of the state-imposed ...
VAT collection can only work at national level, not state level – FIRS
The Federal Inland Revenue Service warned that the collection of Value Added Taxes in Nigeria can only work at the ...
Federal Government gives 85% of VAT to states and LGs – Taiwo Oyedele
Taiwo Oyedele, Fiscal Policy Partner and Africa Tax Leader at PwC, has revealed that the Federal Government disburses more than ...
Lagos VAT bill: LGAs want 50-50 sharing formula with state government
The Local Government Authorities in Lagos State under the aegis of Conference of 57 Local Governments and Local Council Development ...
FIRS vs. Rivers State VAT Conundrum: States will be the biggest losers if ruling is upheld
The recent VAT ruling in favour of Rivers State against the Federal Government is likely to trigger a vicious battle ...
FIRS appeals case awarding VAT collection to Rivers State
The Federal Inland Revenue Service (FIRS) announced that it has appealed a Federal High Court ruling that awarded the collection ...
#EndSARS: States affected by violence should get 1% VAT – Senate
The Nigerian Senate has urged the Federal Government to give states that were affected by lootings and destruction by hoodlums ...
