Tag: Value Added Tax (VAT).
Nigeria’s 2025 Tax Law: Clearing the Fog of Misinformation of Beer Palour Talks
Contrary to speculation, the government did not increase Value Added Tax (VAT). It remains at 7.5 percent. Even better, the…
Nigeria records N710bn VAT in Q1 2023 – NBS
The report, however, said, on a year-on-year basis, VAT collections in Q1 2023 increased by 20.56 per cent from Q1…
Wike: Rivers fighting for fiscal federalism, not the FG
Wike said that the state was only trying to pursue what was right and legitimate within the ambits of the…
Proffering solutions to Nigeria’s VAT quagmire
I have read and listened to many arguments on the VAT debate. While some people have spoken from an informed…
Wike orders RIRS to collect VAT, beckons on other states
He maintained that the benefits derivable from the judgment of the Federal High Court in Port Harcourt, also extend to…
VAT: Wike floors FG again, as court dismisses FIRS’ stay execution application
A Federal High Court sitting in Port Harcourt, has dismissed an application by the Federal Inland Revenue Service, FIRS, seeking…
VAT increases by N41.7bn – NBS
The National Bureau of Statistics (NBS) has said that Value Added Tax (VAT) increased by N41.7 billion in Quarter One…
Finance Bill 2019 to increase VAT – Buhari
President Muhammadu Buhari says the Finance Bill 2019 he forwarded to the National Assembly when passed into law, will permit…
FIRS to Charge VAT on Lottery, Betting, Automate Collection
The Federal Government has announced plans to charge Value Added Tax (VAT) on lottery and gaming activities and automate collection…
VAT: Fowler Didn’t Call For 50 Percent Increase – FIRS
The Federal Inland Revenue Service (FIRS), has dismissed media reports quoting its Chairman, Mr. Tunde Fowler, as suggesting an increase…
Hajj 2018: Pilgrims cautioned on 5% VAT by Saudi Govt.
The National Hajj Commission of Nigeria (NAHCON) has cautioned prospective pilgrims on five per cent Value Added Tax (VAT) introduced…
Economist supports subsidy removal, disapproves VAT increment
An economist, Prof. Uche Uwaleke has advised against the recommendation by the Managing Director, International Monetary Fund (IMF), to increase…