Nigeria Revenue Service has commenced enforcement of 7.5% value-added tax (VAT) on service charges linked to digital financial transactions, leading to higher fees across point-of-sale payments,...
Nigeria has reported a 84.6% year-on-year (YoY) increase in Value Added Tax (VAT) from N3.64 trillion recorded in 2023 to N6.72 trillion in 2024. The surge...
President Bola Ahmed Tinubu has announced the removal of Value Added Tax (VAT) on critical goods and services including food, healthcare, education, rent, public transportation and...
The Nigeria Governors’ Forum (NGF) on Thursday rejected the proposed increase in Value Added Tax (VAT) and reduction in Corporate Income Tax (CIT), citing the need...
The National Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has urged the administration of President Bola Tinubu to prioritise tax reforms that stimulate...
Nigeria’s Federation Account increased by 7.48% to N6.86 trillion in the third quarter (Q3) of 2024, according to the latest Economic Report from the Central Bank...
A fresh survey has revealed how Nigerians are being worried over gradual increase of the Value Added Tax (VAT), saying it could worsen inflation in the...
Value Added Tax (VAT) payments, a consumption tax levied on goods and services, made in Nigeria rose 14.2 percent in the third quarter (Q3) of 2024....
Notwithstanding that Lagos and Rivers State contributed highest in the Value Added Tax (VAT) being collected by the Federal Government of Nigeria, the two states got...
The tax reform bills proposed by the administration of President Bola Tinubu will lift pressure on Nigerian workers, according to the Chairman of the Presidential Committee...