VAT

Tax Reform Bills: Reps adopt report, okay new VAT sharing formula for states

The controversy surrounding President Bola Tinubu’s Tax Reform Bills is finally subsiding with the House of Representatives adopting the report on the bills...

Breaking: Governors make dramatic u-turn, approve tax reform bills, VAT sharing formula

The Nigeria Governors Forum (NGF) has officially endorsed the Federal Government’s tax reform bills, marking a significant milestone in the country’s efforts to...

FIRS flags off nationwide tax compliance exercise October 23

The Federal Inland Revenue Service (FIRS) says it will begin a nationwide compliance exercise on value-added tax (VAT) and withholding tax (WHT) on...

Senate President overrules opposition, passes bill raising VAT from 5 per cent to 7.5 per cent

  …it ‘ll further inflict pains on Nigerians — opposition senators   A Finance Bill which raised Value-Added Tax (VAT) from five per...

Rights group tasks National Assembly on Ogoni clean-up process

Wants VAT on Renewable Energy Reduced to 2%   The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN), has urged the National Assembly...

FG increases VAT to 7%

  To seek approval by NASS The Federal Executive Council (FEC), presided over by President Muhammadu Buhari has approved a two per cent...