National Wire About Nigerians, Nigerian Business and Other Stories
PWC Present VAT In Africa Guide 2022 -Africa Re-Emerging
PWC Africa on Thursday, announced the presentation of it's eight edition of the VAT in Africa Guide – Africa re-emerging
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Tag Archives: VAT
7.5% VAT Deductions On Voice Calls Is Under FIRS, Says Minister
Communications and Digital Economy Minister Isa Pantami said that the 7.5 per cent Value Added Tax (VAT) deductions on voice calls and text messages fell under the purview of Federal Inland Revenue Service (FIRS).
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Senate Okays 7.5% Hike In VAT, 6 Other Taxes
The Senate on Thursday passed the Finance Bill which seeks to amend seven Acts of the National Assembly relating to taxes payable in the country.
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FEC Approves N10.07tn 2020 Budget Proposal, Increases VAT to 7.2%
The Minister of Finance, Mrs. Zainab Ahmed, Wednesday said the Federal Executive Council (FEC) has approved N10.07 trillion as the budget for 2020.
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FIRS Charges VAT On Online Transactions January 2020 —Fowler
The Federal Inland Revenue Service (FIRS) has said that it would start charging Value Added Tax on online transactions, both domestic and international, with effective from January 2020. The Executive Chairman of FIRS, Mr Tunde Fowler, disclosed this at the African Tax Administration Forum Technical Workshop on VAT on Monday in Abuja. Fowler said that a lot of countries in …
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Mixed Reactions Trail Planned 5% VAT On Online Purchases
Mixed reactions have trailed the proposed plan by the Federal Government to slam a five per cent Value Added Tax on goods bought online.
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You Can’t Increase VAT, Tinubu Tells FG
The National Leader of the All Progressives Congress, Bola Tinubu, on Thursday urged the Federal Government not to increase the Value Added Tax.
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FG Considers 50 Per Cent Hike In VAT, To Guarantee New Minimum Wage
The Senate has passed the new Minimum Wage bill into law, fixing the sum of N30,000 as the new wage, just as their counterparts in the House of Representatives.
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Fed Govt targets N1.8tr from VAT
The Federal Inland Revenue Service (FIRS) is projecting N1.8 trillion Value Added Tax (VAT) collection for the 2017 fiscal year. FIRS Executive Chairman Tunde Fowler announced this yesterday in his 2017 budget presentation… before the Senate Committee on Finance. The FIRS boss told the committee that the budget focused on capacity to increase VAT and other non-oil revenue. Advertisement He …
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Customs revenue generation drops by N53bn in six months
Customs revenue generation drops by N53bn in six months FRIDAY EKEOBA The Nigeria Customs Service (NCS) has generated a total of N385.7 billion between January and June this year, compared to N438.7 billion same period in 2015. Public Relations Officer (PRO) of NCS, Wale Adeniyi, disclosed this to the News Agency of Nigeria (NAN) in an interview on Monday in …
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