Tag:
VAT
Business
Tax Reforms: Reps Retain VAT at 7.5%, Rejects VAT Hike, Inheritance Tax
The House of Representatives has decided to maintain the Value Added Tax (VAT) rate at 7.5%, rejecting a proposal to gradually increase it to...
Business
Tax Reforms Chief Backs Governors’ Revised VAT Formula
In a pivotal endorsement for fiscal reform in Nigeria, Taiwo Oyedele, chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, has declared...
Business
NACCIMA Urges Tinubu to Slash Corporate Taxes, VAT
In a bold move aimed at revitalising Nigeria’s economy, the National Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has called on...
Business
Northern States to Gain Big in VAT Reform – Senate Leader
A proposed overhaul of Nigeria's Value Added Tax (VAT) sharing formula has sparked intense debate, with Lagos and Rivers States projected to suffer significant...
Business
MTN’s N200 Billion Monthly VAT Sparks Reform Debate
MTN Nigeria pays over N200 billion in Value Added Tax (VAT) every month, according to Taiwo Oyedele, the Chairman of the Presidential Fiscal Policy...
Development
VAT Revenue Hits Record High as Nigerians Battle Inflation, Weak Naira
The Value Added Tax (VAT) revenue in Nigeria has surged significantly, reflecting the combined impact of the naira’s persistent depreciation and the rising cost...
Development
Tax Reforms Chief Counters RMAFC on VAT Sharing Formula
A new twist has emerged in the ongoing tax reform debate in Nigeria as the chairman of the Presidential Fiscal Policy and Tax Reforms...
News
Lagos Leads Nigeria’s VAT Collection with Over N249bn in August, Far Ahead of Other States
The Federal Inland Revenue Service (FIRS) has revealed staggering figures about Nigeria’s Value Added Tax (VAT) revenue for August 2024. Lagos State, the nation’s commercial...