The presidential committee advocates for a VAT rate hike, proposing adjustments in revenue-sharing. Taiwo Oyedele highlights plans to reduce the federal government's share to 10%, allocating 90% to states and local governments.
The Nigerian Federal Government, through the presidential committee...
Nigerians have been thrown into disarray following unverified reports circulating on social media suggesting that Tinubu's government intends to double the Value-Added Tax (VAT) rate from 7.5% to 15%. While no official confirmation has been issued by the government yet, reactions from citizens...
The Federal Government of Nigeria has made a significant policy decision to exempt Value Added Tax (VAT) on diesel for a period of six months. This announcement comes in the wake of ongoing discussions with various labor unions regarding their planned industrial action.
Minister Mohammed Idris...
Between October 2016 and September 2017, the federation account received a total inflow of N908.9bn in Value Added Tax receipts from the Federal Inland Revenue Service, figures obtained from the National Bureau of Statistics have revealed. An analysis of the VAT report obtained from the …...
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