Tag
VAT
news and stories about VAT
The Northern Governors Forum chaired by Gombe state Governor has rejected the derivation-based model for Value Added tax (VAT) distribution in the new tax bill currently in the National Assembly for deliberation.
The Federal government is looking at imposing a 25% tax rate on individuals earning N100 million and above monthly in the country.
The Federal government has announced the commencement of zero Value Added Tax (VAT) on pharmaceutical products and medical devices in a bid to reduce drug prices in the country.
The Federal Government has recently introduced VAT exemptions for a range of energy products, including diesel, Liquefied Natural...
The House of Representatives has ordered Guaranty Trust Bank (GTB) to calculate and remit Value Added Tax (VAT) on the commission it received from Remita between 2015 and 2022 to the Federal Government recovery account.
The Presidential Fiscal Policy and Tax Reforms Committee has proposed the introduction of a 0% VAT on intellectual property and services as part of a broader initiative to stimulate Nigeria's export sector.
Nigeria's Value Added Tax (VAT) collections reached a total of N1.56 trillion collected across various sectors in the second quarter of 2024.
The federal government has debunked claims that it plans to increase the Value Added Tax (VAT) rate from 7.5% to 10%.
Nigeria's Value Added Tax (VAT) earnings have more than doubled in the first seven months of 2024 compared to the same period last year.
Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has urged Nigerians to stop blaming Western countries, foreigners, and international institutions for the country’s underdevelopment.
In 2023, the 36 states of the federation shared a total net Value Added Tax (VAT) allocation of N1.489 trillion.
The Niger Delta Development Commission (NDDC) is advocating for new legislation to allocate 3% of the Value Added Tax (VAT) revenue as an additional funding source.