Tag: VAT

The Federal Government of Nigeria collected a total of ₦1.78 trillion in Value Added Tax (VAT) during the third quarter of 2024, according to the latest report by the National ...

Mr. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has clarified that the proposed Value Added Tax (VAT) distribution model aims to promote fairness. His ...

The Federal Government of Nigeria has introduced new tax relief measures aimed at stimulating investment in Nigeria's oil and gas sector, particularly in deep offshore production. As part of these ...

The Human Rights Writers Association of Nigeria (HURIWA) has condemned the Federal Government's plan to increase the Value-Added Tax (VAT) from 7.5% to 10%. HURIWA accuses the administration of adhering ...

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday, dismissed claims that the Value-Added Tax (VAT) rate had been raised from 7.5% to 10%. In ...

According to Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, the committee has proposed increasing the Value-Added Tax (VAT) rate from the current 7.5 percent ...

Value Added Tax generated from the construction and real estate sector rose by 124 per cent from N10bn in 2018 to N22.45bn in 2022. An analysis of the National Bureau ...

The Federal Government has raked in N10.1tn from the collection of Value Added Tax under the regime of the President, Major General Muhammadu Buhari (retd.). This comes against the backdrop ...

The Federal Inland Revenue Service (FIRS) has appointed MTN and Airtel, as well as commercial banks and deposit money banks in Nigeria, to withhold and remit Value Added Tax (VAT) ...