VAT earnings doubled in seven months as Nigerians battle rising costs of living
Nigeria's Value Added Tax (VAT) earnings have more than doubled in the first seven months of 2024 compared to the ...
Tag: VAT
news and stories about VAT
We must stop blaming foreign influence for underdevelopment, Taiwo Oyedele tells Nigerians
Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has urged Nigerians to stop blaming ...
Top 10 states with the highest VAT allocation in 2023
In 2023, the 36 states of the federation shared a total net Value Added Tax (VAT) allocation of N1.489 trillion.
NDDC proposes legislation to secure 3% VAT revenue for additional funding
The Niger Delta Development Commission (NDDC) is advocating for new legislation to allocate 3% of the Value Added Tax (VAT) ...
FIRS VAT collection rises by 19.21% to N1.43 trillion in Q1- NBS
In the first quarter of 2024, Value Added Tax (VAT) paid by Nigerians increased from N1.20 trillion in Q4, 2023 ...
Executive order: Tinubu to stop payment of taxes, levies in dollar
President Bola Ahmed Tinubu plans to discontinue the payment of taxes and levies in foreign currency through an executive order.
FG considering excise duties on telecoms, lottery, gambling
The federal government is considering introducing excise duties in the telecoms, lottery and gambling industry and an increase in the ...
Taiwo Oyedele Committee proposes VAT Increases to compensate for tax reforms
Taiwo Oyedele committee has proposed sweeping reforms to the country’s Value-Added Tax (VAT) system, including increases in VAT rates on ...
Nigeria’s earnings from foreign taxes nearly doubled in 2023 over weak naira
Nigeria has witnessed a significant surge in tax earnings from foreign firms, with figures nearly doubling in the span of ...
AEDC’s case against FIRS over N5.3bn tax debt stalls due to failure to comply with court order
The legal proceedings between the Abuja Electricity Distribution Company (AEDC) and the Federal Inland Revenue Service (FIRS) have hit a ...
