Reps committee adopts Tax Reform Bills as a working document, maintains VAT at 7.5%
Nigeria's Value Added Tax (VAT) of 7.5% will remain unchanged as the House of Representatives has adopted the Tax Reform ...
Tag: VAT
news and stories about VAT
Nigeria’s VAT revenue hits N6.72 trillion in 2024, surges by 84.62%
The Federal Inland Revenue Service (FIRS) has reported a substantial rise in Nigeria’s Value Added Tax (VAT) collections, which reached ...
NACCIMA urges Tinubu to slash corporate taxes to 19%, VAT to 7.5%
The National Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has called on President Bola Tinubu’s administration to ...
FG’s tax reforms have not addressed unique needs of Nigeria’s regions – Report
A recent survey by SBM Intelligence alleges that the federal government's proposed tax reforms fail to account for the unique ...
Nigeria’s VAT collection hits N1.78 trillion in Q3 2024
The Nigerian government raked in the sum of N1.78 trillion from Value Added Tax (VAT) in the third quarter of ...
The VAT explained by Kalu Aja
Following the uproar about the proposed Tax Reform bill, this article expains what VAT simply means.
New tax bills to eliminate all states consumption taxes, except VAT — Taiwo Oyedele
The chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has stated that the proposed tax reform bills will eliminate ...
Allowing states to collect VAT will be ‘chaotic’ — Taiwo Oyedele
The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has cautioned that allowing state governments to collect Value Added ...
FAAC revenue hits N6.28 trillion in Q2 2024 as VAT, import duties offset low oil earnings
The revenue of the Federation Account earnings (FAAC) rose to N6.28 trillion in the second quarter of 2024, driven by ...
Tinubu rejects NEC’s proposal to withdraw tax bill, urges Council to follow ‘legislative process’
President Bola Tinubu has rejected the National Economic Council’s (NEC) proposal to withdraw the controversial tax reform bill, insisting the ...
