Tag: VAT

Our offices across Nigeria, including Lagos and Abuja, remain open and fully operational, and we continue to serve our customers, ...

According to the National Bureau of Statistics, Nigeria generated ₦2.28 trillion in Value Added Tax (VAT) in the third quarter ...

The aviation regulator says tickets purchased before 1 January were not subject to new tax provisions, directing Overland Airways to ...

“I don’t want government taking something I don’t even know about."

In a statement made available to newsmen on Thursday, NRS said VAT has always applied to banking services and is ...

The total distributable revenue comprised N1.403 trillion in statutory revenue, N485.838 billion from Value Added Tax (VAT) and N39.646 billion ...

The “Budget of Consolidation,” earmarks ₦270 billion (26.19 per cent) for recurrent expenditure, while capital expenditure accounts for more than ...

The report reveals that billions of Naira were paid for unexecuted projects, irregular contracts, missing firearms and unlawful payments by ...

The 808-page report details systemic violations of financial regulations, weak internal controls, and unexplained payments made under controversial contracts.

This is a compilation of 50 tax exemptions and reliefs as Nigeria's new tax regimes take effect on 1 January ...

If passed and signed into law, the new bill will not only settle the constitutional question surrounding VAT but also ...

According to a communiqué issued at the FAAC meeting, gross revenue available in August was N3.63 trillion.

The new tax laws exempt micro-businesses with annual turnover below ₦50 million and total fixed assets under ₦250 million from ...

The court upheld tax tribunal's decision validating FIRS directive asking Bolt to serve as its agent responsible for VAT compliance ...

This is according to a communiqué from FAAC made available by Bawa Mokwa, Director , Press and Public Relations, Office ...

Last Thursday, the Senate passed the Nigerian Tax Act 2025, consolidating four separate tax reform bills into a single law.

Mr Tinubu, in a statement he released to mark his mid-term in office, acknowledged "the sacrifices many Nigerians have made ...

FAAC says of the N931.325 billion statutory revenue, the Federal Government received N422.485 billion while states received N214.290 billion.

The group’s report highlighted seven key recommendations, focusing on VAT, the Tertiary Education Trust Fund (TETFUND), and the National Information ...

The council argued that any provisions contradicting Islamic legal principles would be unconstitutional and should be removed.

The allocation was derived from a gross revenue of N2.310 trillion.

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

Sunday Dare says Nigeria has over 61 taxes, with over 80 per cent of them redundant, and explains why President ...

The committee said the government wants to reform its tax system to remove VAT from essential consumption, education, healthcare, transportation ...

Oil-producing states benefited from a Derivation payment of N132.404 billion, representing 13 per cent of Mineral Revenue.