Tag: VAT
VAT collections jump 17% as Nigeria records ₦2.42 trillion in three months
Nigeria recorded a strong increase in Value Added Tax (VAT) collections in the first quarter of 2026, reflecting improved economic…
VAT collections fall in Q4 but show 12.8% yearly growth
The government has introduced reforms to improve tax collection, including new tax rules for Micro, Small, and Medium Enterprises (MSMEs)…
Hisbah, Alcohol, VAT: An Unpopular Opinion
VAT is not a prize awarded to states that host certain industries, but a national consumption tax collected by the…
Boom in VAT collection: Health sector grows 250%, ICT follows close NBS
The data shows that most of the VAT came from local payments, which brought in ₦922.87 billion. This was followed…
FG eliminates VAT on food, education, healthcare, reveals start date
The delayed implementation is intended to give the government and stakeholders ample time to prepare, educate the public, and align…
FG rakes in N1.43 trillion from VAT in first quarter of 2024
According to the National Bureau of Statistics (NBS) in its June report, local payments recorded were N663.18 billion, Foreign VAT…
FG hits N600bn VAT in second quarter of 2022 – NBS
According to the report, this shows a growth rate of 1.96 per cent on a quarter-on-quarter basis from N588.59 billion…
VAT: Why Ijewere should help the states in court
Now that the rank of the anti-VAT for states is swelling up, Emmanuel Ijewere, who chaired the defunct Modified Value…
South South Governors join VAT suit in Appeal Court
Rivers State challenged FIRS and has the judgment of a Federal Court that endorsed its right over VAT in its…
VAT Battle: Lagos wins Round one against FIRS
In a unanimous ruling delivered by Justice Haruna Tsammani on Thursday, the court held that Lagos State had established beyond…
VAT: Makinde seeks to join Wike’s suit against FG
The suit is in respect of the bid by the Rivers government to take over the collection of the Value…
NGF awaits Supreme Court verdict on VAT
Fayemi said the forum believes that the controversy over VAT required both political and legal measures to be settled.
Breaking: Lagos Assembly passes VAT, Anti-Open Grazing Bills
The Lagos State House of Assembly on Thursday passed the Value Added Tax (VAT) bill to enable the state government…
FG begins implementation of 7.5% VAT
The Federal Inland Revenue Service has warned businesses and individuals against tax evasion as the Federal Government begins the implementation…
Port Harcourt Disco to begins 7.5% VAT Feb
Port Harcourt Electricity Distribution Company (PHED) will on Feb. 1 begin the implementation of 7.5 per cent Value Added Tax…