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Tag "value added tax"

FIRS to commence VAT compliance monitoring exercise July 1

    FIRS to commence VAT compliance monitoring exercise July 1

The Federal Inland Revenue Service (FIRS) says it will embark on a nationwide value-added tax  (VAT) and withholding tax (WHT) compliance monitoring exercise for all taxable persons from July 1.

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Tax exemptions, concessions among sources of revenue leakages, says Zainab Ahmed

    Tax exemptions, concessions among sources of revenue leakages, says Zainab Ahmed

Zainab Ahmed, minister of finance, budget and national planning, says federal government policies on tax exemptions and concessions are among sources of huge revenue leakages. A tax exemption is the

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Like Facebook, Zoom to start charging 7.5% VAT from Nigerian users

    Like Facebook, Zoom to start charging 7.5% VAT from Nigerian users

Zoom Video Communications, Inc. (Zoom) says it will begin to charge 7.5 percent value-added tax (VAT) on customers in Nigeria from January 1, 2022. Zoom said this in a statement

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NBS: VAT revenue dropped by 11bn to N500bn in Q3 2021

    NBS: VAT revenue dropped by 11bn to N500bn in Q3 2021

The total value-added tax (VAT) collected on behalf of the federation decreased by N11.75 billion within three months to N500.49 billion in the third quarter of 2021. The National Bureau

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VAT and FIRS taxing right

  VAT and FIRS taxing right

Value-added tax is a consumption tax payable when goods are purchased and services are rendered. It is governed by the

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Southern governors back collection of VAT by states

  Southern governors back collection of VAT by states

Governors of the southern states have expressed support for the collection of value-added tax (VAT) by state governments. Rotimi Akeredolu,

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Umahi opposes VAT collection by states, backs FIRS

  Umahi opposes VAT collection by states, backs FIRS

David Umahi, governor of Ebonyi, says the state is not in support of Lagos, Rivers, and other states in their bid

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Rivers judgement: Continue to pay VAT to us, FIRS tells taxpayers

  Rivers judgement: Continue to pay VAT to us, FIRS tells taxpayers

The Federal Inland Revenue Service (FIRS) has directed taxpayers in the country to continue to pay value-added tax (VAT) to

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FAAC shares N760bn July allocation to FG, states — N109bn increase from June

  FAAC shares N760bn July allocation to FG, states — N109bn increase from June

The federation accounts allocation committee (FAAC) shared N760.717 billion to the three tiers of government for the month of July.

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EXCLUSIVE: FIRS lobbies lawmakers to put VAT on exclusive list

  EXCLUSIVE: FIRS lobbies lawmakers to put VAT on exclusive list

The Federal Inland Revenue Service (FIRS) has asked the national assembly to include value-added tax (TAX) collection in the exclusive

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