Tag: VAT

Sept. 9, 2021 The Lagos State House of Assembly on Thursday passed the State’s Value Added Tax (VAT) Collection Bill and the Anti-Open Cattle Grazing Bill in the state. The ...

Aug. 27, 2021 The Nigeria Governors’ Forum (NGF) has resolved to take a mediatory role to resolve the ongoing strike by the Nigeria Association of Resident Doctors (NARD). The forum ...

Aug. 23, 2021 The Federal Inland Revenue Service (FIRS) has urged taxpayers to continue to pay their Value Added Tax (VAT) to it to avoid paying penalties for failure to ...

Aug. 10, 2021 Nigeria recorded an increase of N15.86 billion Value Added Tax (VAT) revenue from N496.39 billion generated in quarter one (Q1, 2021) to N512.25 billion in Q2. This ...

July 8, 2021 The Federal Executive Council (FEC) has approved the 2022 – 2024 Medium Term Expenditure Framework and the Fiscal Strategy Paper (MTEF/ FSP). Minister of Finance, Budget and ...

June 24, 2021 The Federal Accounts Allocation Committee (FAAC) on Wednesday said it shared a total of N605.958 billion as May 2021 revenue to the Federal, States and Local Governments ...

The Federal Government, States and Local Government Councils (LGCs) have shared N619.343 billion as federation allocation for December, 2020. Mr. Hassan Dodo, Director of Information, Ministry of Finance, Budget and ...

Governor Nasir El-Rufai of Kaduna state has lamented that Nigeria is not collecting as much public revenue as it can. He says that there is still much potential for growing ...

  The Nigerian Communications Commission (NCC), has signed a Memorandum of Understanding (MoU) with the Federal Inland Revenue Service (FIRS) to ensure accuracy and completeness of tax transactions of telecoms ...

Godwin Emefiele, CBN Governor The new 7.5 percent value added tax, VAT, and the N50 singular and one-off Stamp Duty charge on electronic receipt or transfer of money, N10,000 or ...