Tag
VAT
news and stories about VAT
The Federal High Court sitting in Lagos has dismissed the Bolt operators' suit challenging the Federal Inland Revenue Service’s (FIRS) authority to charge, collect, and remit Value Added Tax (VAT) on transportation and food services provided by independent drivers and vendors operating via the Bolt platform.
The Federation Account Allocation Committee (FAAC) has announced a total of N1.578 trillion shared among the three tiers of government as revenue generated in March 2025.
Nigeria's Value Added Tax (VAT) of 7.5% will remain unchanged as the House of Representatives has adopted the...
The Federal Inland Revenue Service (FIRS) has reported a substantial rise in Nigeria’s Value Added Tax (VAT) collections,...
The National Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has called on President Bola Tinubu’s administration to take decisive steps toward tax reform, including reducing corporate taxes to 19% and pegging Value Added Tax (VAT) at 7.5%.
A recent survey by SBM Intelligence alleges that the federal government's proposed tax reforms fail to account for the unique characteristics of certain Nigerian regions.
The Nigerian government raked in the sum of N1.78 trillion from Value Added Tax (VAT) in the third quarter of 2024.
Following the uproar about the proposed Tax Reform bill, this article expains what VAT simply means.
The chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has stated that the proposed tax reform bills will eliminate all subnational consumption levies, except for Value Added Tax (VAT).
The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has cautioned that allowing state governments to collect Value Added Tax (VAT) could result in chaos.
The revenue of the Federation Account earnings (FAAC) rose to N6.28 trillion in the second quarter of 2024, driven by significant collections from Value Added Tax (VAT), customs, and excise duties.
President Bola Tinubu has rejected the National Economic Council’s (NEC) proposal to withdraw the controversial tax reform bill, insisting the council follow the “legislative process.”