Tag: VAT

The FIRS spokesperson says it sought a stay of execution order and that the status quo ante should subsist on ...

The entire process of the passage of the legislation took only two weeks.

The report said that N275.12 billion was generated in Q3 2019, adding that the 2020 figure represents 29.80 per cent ...

“Every payment, which for one reason or another could not be made before the coming into effect of the Finance ...

As more revenue accrues into government treasury, Nigerians will have to spend more than they have been spending.

Mr Fashola says Nigeria is spending very little on infrastructure compared to fuel subsidy.

If signed into law, Nigerians will pay more for specific goods and services that attract VAT.

The IMF wants the CBN to revisit its directive to banks on lending.

President Buhari says tax authorities will "focus their compliance efforts on larger businesses".

The bill proposes an increase in the Valued-Added Tax rate from five per cent to 7.5 per cent

The figure is higher than the N289.04 billion generated in Quarter One, 2019 and N269.79 billion generated in Quarter Two, ...

In 2014, then Minister of Finance, Ngozi Okonjo-Iweala, suspended VAT charges on transactions in the capital market to encourage increased ...

The figure is about N9 billion less than what was generated in the fourth quarter of 2018.

The former NBA president is challenging the FIRS for assessing him with respect to Withholding Tax and VAT.

Bola Tinubu said an increase in VAT will reduce the purchasing power of Nigerian consumers.

The government plans between 35 per cent and 50 per cent raise, a possibility that will affect business costs.

The president says decision was in line with global best practices.

The FIRS boss says the use of technology has increased the country’s tax revenue base by 800,000 corporate accounts.

Mr Fowler lambasts businesses who collect VAT but fail to remit to government coffers.

Companies associated with the Zenith Bank chairman are accused of using artificial leasing scheme to claim undeserved VAT refund.

The two men are among a number of personalities around the world believed to have used artificial leasing schemes to ...

Non-oil revenue represents 46.15 per cent of the 2017 VAT budget of N1.728 trillion.

The manufacturing sector generated the highest amount of VAT with N33.69 billion.

The amount was lower than N207.35 billion generated in the fourth quarter of 2016.

"I believe it is only fair that when you consume luxury goods, you should pay a little bit more."