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Tag: Value Added Tax (VAT)

Buhari govt denies plans to borrow N2trillion

Zainab Ahmed, Minister of Finance, Budget and National Planning, on Friday stated that the Federal Government was not planning to borrow N2trillion pension funds...

Nigerians lament as Buhari signs finance bill, increases VAT to 7.5%

A cross-section of Nigerians has reacted to the increase in Value Added Tax (VAT) in Nigeria to 7.5%. Reports that President Muhammadu Buhari signed the...

FAAC: FG, states, LGAs share N599.701billion for September [Breakdown]

The Federation Account Allocation Committee (FAAC), on Thursday in Abuja, shared a total of N693.529 billion to the three tiers of government for the...

Senators Okorocha, Ndume get backing on scrapping of Federal House of...

Conference of Nigeria Political Parties (CNPP) has reacted to the bill to enact a law to impose a communication service tax meant to replace...

Why Nigeria must increase VAT – CBN gov, Emefiele

Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), says the plan to increase Value Added Tax (VAT) from five per cent...

Nigerians to start paying tax on online transactions from January 2020

The Federal Inland Revenue Service (FIRS) has announced that Nigerians will start paying value-added tax (VAT) on both domestic and international online transactions from...

FAAC: FG, States, LGCs share N679.69bn for May [See breakdown]

The Federal Account Allocation Committee (FAAC), on Thursday shared N679.69 billion among the Federal Government, States and Local Government Councils as federal allocation for...

VAT: Expert tells Buhari govt what to do

A tax expert, Taiwo Oyedele, has urged the Federal Government to review its Value Added Tax (VAT) law and better policing of its borders...

What increase in VAT will do to Nigeria – PDP chieftain

Sequel to reports making the rounds that the federal government is planning a significant increase in Value Added Tax (VAT) in the country, a...

Minimum wage: FG mulls 50 percent hike in VAT, others

The Federal Government, Tuesday, said it was considering 50% increase in Value Added Tax (VAT) to be able to pay the new national minimum...
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