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Business

New Tax Reform Will Resolve Complexities, Reduce States Burden- Oyedele

The Presidential Tax Reform Committee, led by Chairman Taiwo Oyedele, has proposed sweeping changes aimed at simplifying Nigeria’s tax system by eliminating all state-level...
Business

FG Earned N4.03tn From Tax In Three Months —NBS

The National Bureau of Statistics has said the federal government’s aggregate receipt from Value Added Tax and Companies Income Tax stood at N4.03tn in...
Business

VAT Not Raised To 10% Says Finance Minister, Edun

The federal government has dismissed any possible increase in Nigeria’s Value-Added Tax (VAT) from 7.5 per cent to 10 per cent.The Minister of Finance...
Business

VAT Revenue Rises By 19.21% To N1.43trn In Three Months—NBS

The National Bureau of Statistics (NBS) on Tuesday said the Federal Inland Revenue Service (FIRS) realised the sum of N1.43trn from Value Added Tax...
Business

FIRS Gives Taxpayers Two Weeks To Remit All VAT, Withholding Tax Deductions

The Federal Inland Revenue Service on Tuesday issued a two-week ultimatum to all taxpayers to remit all Value Added Tax and Withholding Tax deductions...
Business

Manufacturing, ICT, Banks, Highest Contributors As Nigeria Earned N1.49trn From VAT In Six Months

Nigeria earned the sum of N1.49trn from Value Added Tax within the first six months of this year, a report released by the National...
Business

Nigeria’s foreign VAT payments record N142.63bn, local payments hit N512.03bn in Q2 2023

The National Bureau of Statistics (NBS) disclosed the Value Added Tax (VAT) for the second quarter (Q2) 2023 was N781.35 billion, rising by 10.11...

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