Wednesday, January 19, 2022
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Tag "value added tax"

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 Value Added Tax Act NO 102, 1993 as amended to

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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, governor of Ondo state, disclosed this while reading a communique

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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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IMF advises Nigeria to raise VAT to 10% by 2022

  IMF advises Nigeria to raise VAT to 10% by 2022

The International Monetary Fund (IMF) has advised the federal government to raise value-added tax to at least 10 percent by

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VAT, CIT revenue ‘push’ December FAAC allocation by N18bn

  VAT, CIT revenue ‘push’ December FAAC allocation by N18bn

The three tiers of government shared N619.343 billion as federation allocation from the revenue generated in December 2020. This is

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