VAT
‘No New Tax’ — Nigeria Revenue Service Clarifies VAT on Banking Charges
The Nigeria Revenue Service (NRS) has dismissed widespread claims that a new…
Nigeria’s Revenue at Risk: Experts Warn Against VAT Rate Freeze Amid Reform
The Nigerian Economic Summit Group (NESG) has issued a stark warning: the…
Customs Implement Import Taxes Exemption on Pharma Inputs
In a strategic move aimed at fortifying Nigeria's healthcare infrastructure and fostering…
Tax Reform Bills Advance in House of Representatives After Committee Approval
President Bola Tinubu's proposed tax reform legislation has moved forward in Nigeria's…
House Approves Tax Reforms, Rejects VAT Hike Amidst Public Concern
After rigorous clause-by-clause scrutiny, lawmakers opted to maintain the existing 7.5% Value…
Record N1.7 Trillion Windfall: FAAC Pours Funds into Government Coffers
The Federation Account Allocation Committee (FAAC) has disbursed a staggering N1.703 trillion…
Nigeria Tax Bill Proposes VAT Exemptions on Essential Goods
The 2024 Nigeria Tax Bill, currently making its way through the legislative…
Nigerian Tax Reform: A Balancing Act Between Revenue and Relief
The Federal Government is embarking on a bold tax reform aimed at…
Lagos Leads as States Generate N7.42trn in VAT Revenue for 2024
States across Nigeria collectively generated N7.42 trillion in Value Added Tax (VAT)…
Lagos Tops VAT Revenue in November 2024 as States Generate N422.32bn
Nigeria's Value Added Tax (VAT) revenue for November 2024 reached a total…