Corporate Tax, VAT Drive Federation Account to N6.86tn – CBN
The Central Bank of Nigeria (CBN) has reported a 7.48% increase in receipts into the federation account, which went up ...
Tag: vat
Proposed VAT Reform to Cut Manufacturing Costs by 3.3%
The proposed VAT reform in Nigeria could actually reduce manufacturing costs, contrary to what many are likely thinking. While the ...
Nigeria’s VAT Collection Hits N1.78 Trillion in Q3 2024
In the third quarter of 2024, Nigeria's Value Added Tax (VAT) collection hit a new high of N1.78 trillion. This ...
Tax Reform Debate: Majority of VAT Revenue Concentrated in Three States, FIRS Reveals
The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has said that under Nigeria's current tax rules, more ...
Nigeria’s VAT Increase: A Cruel Blow to the Vulnerable
The Nigerian government's recent decision to raise Value Added Tax (VAT) from 7.5% to 15% has caused a lot of ...
Nigeria’s National Assembly Eyes VAT Hike to 10%—But Who Benefits?
The national assembly is toying with the idea of raising the value-added tax (VAT) from 7.5% to 10% by 2025. ...
House of Representatives Directs GTB to Remit Unpaid VAT on Remita Commissions
The House of Representatives' Public Accounts Committee has instructed Guaranty Trust Bank (GTB) to remit outstanding Value-Added Tax (VAT) on ...
VAT: Beyond fiscal federalism
The Value Added Tax (VAT) imbroglio between Rivers State government and Federal government about whose prerogative to collect VAT, the ...
