Tag: VAT
Tinubu and the VAT Pandora Box, By Olusegun Adeniyi
The controversy surrounding the proposed adjustment to the formula for sharing the states’ portion of the Value Added Tax (VAT), especially the derivation component,...
Governors back 7.5% VAT increase as Senate okays finance bill…say more...
Governors' Forum members
By Azimazi Momoh Jimoh, John Akubo and Matthew Ogune, Abuja
State governors yesterday expressed support for the Finance Bill, which seeks to increase Value...
Nigeria has lowest tax rate globally, minister insists
Prince Clem Agba
The Minister of State for Budget and National Planning, Prince Clem Agba, has defended the recent increase in Value Added Tax (VAT)...
FG to make N2 trillion in 2020 from increased
• Experts task govt on remittances, transparency
• Seek exemptions for foods, education, primary healthcare
When the Value Added Tax (VAT) recently increased to 7.2 per...
FG Proposes to Raise VAT to 7.5%, not 7.2%
Finance Minister, Zainab Ahmed
The Federal Government has proposed to increase the Value-Added Tax (VAT) from 5% to 7.5% and not 7.2% has been...
Press Statement: PDP rejects Buhari’s decision to increase VAT…urges NASS to...
The Peoples Democratic Party (PDP) condemns and totally rejects the decision by President Muhammadu Buhari and his officials to increase the Value Added Tax...
Proposed increase in VAT: Senate to invite Finance Minister, FIRS Chairman
Babatunde Fowler
The Senate Committee on Finance says it will invite the Minister of Finance and the Chairman, Federal Inland Revenue Service, (FIRS) to...
FG raises VAT to 7.2%
Finance Minister, Zainab Ahmed
The Federal Executive Council (FEC) has approved a proposed increase of Value Added Tax (VAT) from five per cent to...
FIRS generates N312b from VAT, as income rises by 7.9%
The Federal Inland Revenue Service (FIRS) generated N311.94 billion revenue for government through the collection of Value Added Tax (VAT), between April and June,...
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