Tag: VAT
VAT: Tax Reform Bill Dead On Arrival At NASS – Ndume
Ali Ndume, a federal lawmaker representing Borno South Senatorial District in the National Assembly, has said the tax reform bills sent to the legislative...
Global Economic Crisis: Nigerian Manufacturers Ask FG To Remove 7.5% Vat On Diesel
The Manufacturers Association of Nigeria, MAN, has called on the Federal Government to urgently remove the 7.5% Value Added Tax on diesel.President of MAN, Mansur...
Vat: N589bn Collected In Q1 2022 – NBS
The National Bureau of Statistics, NBS, says that on the aggregate, Value Added Tax, VAT, collection stood at N588.59 billion in the firstquarter of...
2022 Appropriation Bill: Kaduna Govt Targets N24.9 Bn VAT, N67bn Revenue
The Kaduna State Government is expecting an internally generated revenue of 67.26 billion naira and 24.9 billion naira Value Added Tax, VAT to be...
FG Considers Taking States To Supreme Court Over VAT
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, insisted that the anti-open grazing laws of some states infringed on the...
VAT: South-South States To Join Suit At Appeal Court, Say Governors
Governors of the South-South have resolved that states in the region should join the suit filed by the Federal Inland Revenue Service FIRS challenging...
VAT Controversy: Governors Forum Awaits Supreme Court Ruling – Chairman
The Nigerian Governors Forum, NGF says it is waiting for the judgment of the Supreme Court before taking any decision on the vexed issue...
Northern Governors Meet In Kaduna Over VAT, Others
Northern State Governors today held an emergency meeting in Kaduna to discuss the progress and major concerns of the region.Gov. Simon Lalong of Plateau...
Burning Issues: Northern Governors Meet Over Insecurity, VAT, Open Grazing
Nineteen Northern states Governors are currently in a closed-door meeting in Kaduna over the insecurity bedevilling the region as well as the controversial Value...
VAT Dispute: Appeal Court Reserves Ruling On Lagos Govt’s Application For...
The Court of Appeal in Abuja has reserved its ruling on the application for a joinder filed by the Lagos State government as the...
Nigeria Customs Service Q1 revenue generated IS N466.1bn
The Nigeria Customs Service (NCS) has generated N466.1 billion in revenue in the first quarter of 2021.The Nigeria Customs Service (NCS) has generated N466.1...
VAT: FG Retains 5% For Contracts Awarded Before February 1
The Federal Government says has retained 5 per cent Value Added Tax, VAT for contracts awarded before February 1, 2020.The Senior Special Assistant to...
Bill Signing: NECA Lauds Finance Act, Urges Compliance
The Nigeria Employers’ Consultative Association, NECA has lauded the Finance Bill, which was signed into law by President Buhari, saying the Act had led...
Telecoms: Operators Protest Against Tax On GSM, Cable TV Subscriptions
Telecommunications operators have
criticized the plans by the National Assembly to impose taxes on Global System
for Mobile, GSM and cable television subscriptions and services in...
LPG: FG Affirms Removal Of VAT On Cooking Gas
The Federal Government has confirmed the removal of
Value Added Tax VAT on Liquefied Petroleum Gas LPG in Nigeria, otherwise known
as cooking gas.The Chairman, Federal...
VAT: Falana Urges FG To Propose Money Bill Before Implementing Increase
Human
Rights Lawyer, Femi Falana, has called on the Federal Government to propose a
Money Bill to the National Assembly before the implementation of the increase
in...
CBN Backs FG’S Plan To Increase VAT, Says Nigeria Has Lowest...
The Central Bank of Nigeria, CBN Governor, Godwin Emefiele says the plan to increase Value Added Tax, VAT from five per cent to seven...
Revenue: FG To Raise N6tn From Petroleum Tax, VAT
The Federal
Government, through the Federal Inland Revenue Service, plans to generate 4.3
trillion naira from petroleum profit tax and 1.7trillion naira through the
Value Added Tax...
VAT: FIRS Urges Nigerians To Brace Up For Increase
The
Federal Inland Revenue Service (FIRS), on Tuesday, urged Nigerians to brace for
an increase in Value Added Tax (VAT) by between 35 and 50 per...
