Tag: Value Added Tax

“The federal government has no plans to introduce telecoms or fuel taxes,” the statement reads.

The House had last year suspended debate on the bills following fierce opposition from some governors, particularly the northern governors, ...

The Senate panel said the coordinator has repeatedly shunned its invitation to explain why the Ogoni land in the Niger ...

The senator dismissed the claim that some states are unviable.

The senate leader said those criticising the tax reforms were only spreading false narratives, not what is contained in its ...

Only four states—Lagos, Rivers, Oyo, and Bayelsa—received less than they contributed.

Governments at all levels should scrutinise their payrolls, keep a manageable and efficient workforce, prosecute those who tamper with payrolls ...

According to the communique, the N1.358 trillion total distributable fund comprised statutory revenue of N161.593 billion.

On a year-on-year basis, VAT collections in Q4 2023 increased by 72.12 per cent from Q4 2022.

An official noted that flooding has ravaged many parts of the highways, causing delays for gas suppliers.

The FIRS is partnering with MATAN to collect and remit Value Added Tax (VAT) from their members—especially those in the ...

The administration of VAT in Nigeria is vested in the Federal Inland Revenue Service (FIRS), being the agency of government ...

The balance in the Excess Crude Account (ECA) was $473,754.57

High tax burden on businesses is detrimental to investment and job creation, the think tank said.

The Finance Bill is proposing an amendment to section 10 of the VAT, by introducing a new section 10, putting ...

The governors met last in February during which they discussed the security challenges confronting the region.

The meeting of the Southern governors held in Enugu, South-east Nigeria.

The lawmakers say the passage of the bill would be a financial restructuring and a form of redistribution of internally ...

The revenues from Federal Account and Value Added Tax (VAT) amounted to N13 billion, according to the report.

The FIRS boss also explains in details, the new charges on tenancy and lease agreements.

The committee issued the ultimatum to the naval boss after he failed to appear on Monday.

The federal government received about N169.831 billion, the states N86.140 billion, and local government councils N66.411 billion.

Mr Tinubu, a former governor of Lagos State, gave the advice in a statement to mark his 68th birthday.

Lawmaker's quest for immunity, community policing, others top discussions in the week

On Monday, President Muhammadu Buhari signed the Finance Act which reviewed the VAT rate from 5 to 7.5 per cent.