The Federal Government, yesterday, defended its decision to increase Value Added Tax, VAT, rate to 7.5 per cent from five per cent, stating that the review should have been done nine years ago.
Work on VAT implementation, not increase,Ex-ANAN president urges FG Addressing newsmen after the...
Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning, says the proposed Value Added Tax (VAT) increase will impact more on consumption by urban communities and the wealthier sections of the population.
Ahmed, who said this at the 25th Nigerian Economic Summit in Abuja on …...
Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), says the plan to increase Value Added Tax (VAT) from five per cent to 7.5 per cent is in the right direction to raise country’s revenue.
Emefiele stated this while fielding questions from journalists after the …
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After 26 years, the Federal Government has made the proposal to increase the rate of Value Added Tax (VAT) from five per cent to seven point five per cent with effect from.....
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The Federal Inland Revenue Service (FIRS) may, from next year, ask banks to charge customers five per cent Value Added Tax for online purchases when using bank cards, its Chairman, Tunde Fowler, has said.
Mr Fowler, who gave the hint in an exclusive interview with PREMIUM TIMES …
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Sectoral distribution of Value Added Tax data for the first quarter of 2019 reflected that the sum of N289.04bn was generated as VAT in Q1 2019 as against N298.01bn generated in Q4 2018 and N269.79bn generated in Q1 2018 representing 3.01 per cent decrease …
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The Federal Inland Revenue Service will start taking Value Added Tax on online transactions any moment from now according to its chairman, Babatunde Fowler.
Mr Fowler mentioned this during an interview he had with the News Agency of Nigeria in New York on Saturday. He stated that banks …...
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