Senate rejects VAT increase, proposes 9% tax on SMS, Data usage, others

The Nigerian Senate has rejected the proposed 7.5% VAT currently planned by the Federal Government to take effect by January ...

CBN advise government to adopt "Big Bang approach" to fixing economy

CBN advises government to adopt “Big Bang approach” to fixing economy

by Chike Olisah

September 22, 2019

CBN says VAT IS "too little" and called for "BIG BANG" approach

Nigeria bonds declines ahead of S&P credit rating review

FEC approves VAT increase of 7.5%, targets N7.5 trillion revenue

by Bamidele Samuel Adesoji

September 11, 2019

FEC approves VAT increase of 7.2%, targets N7.5 trillion revenue

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Online VAT maybe “the law”, but Nigerians are not having it

by Emmanuel Abara Benson

August 28, 2019

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, has again reiterated that the payment of VAT ...

Nigeria generated N311.94 billion VAT revenue in Q2, highest in 7 years

by Bamidele Samuel Adesoji

August 27, 2019

The latest report released by the National Bureau of Statistics (NBS) shows that Nigeria generated N311.94 billion revenue from Value Added Tax (VAT) in ...

BREAKING: FG's VAT charges on online transactions to commence, firs, Illegal Tax Deduction: FIRS to refund General Electric, Arco $2 million

Updated: FG’s VAT charges on online transactions to commence

by Damilare Famuyiwa

August 26, 2019

Effective from January 2020, the Federal Inland Revenue Service (FIRS) will begin to impose value-added tax (VAT) on online transactions.

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FG, States, LGs shared N769.5 billion allocation in July

by Bamidele Samuel Adesoji

August 23, 2019

The Federation Account Allocation Committee (FAAC) disbursed the sum of N769.5 billion from the Federation Account to the three tiers of government in ...