The International Monetary Fund (IMF) has advised the federal government to raise value-added tax to at least 10 percent by 2022. In a country focus article published on Monday, the
Tag "value added tax"
The three tiers of government shared N619.343 billion as federation allocation from the revenue generated in December 2020. This is higher than the N601.110 billion shared in December. Hassan Dodo,
The United Kingdom says tourists will no longer enjoy tax-free shopping from January 1, 2021. The UK treasury said the scheme has been a “costly relief that does not benefit
Revenue generated from value-added tax increased by 8.45 percent from the N600.9 billion realised in half-year 2019 to N651.7 billion in 2020. According to the sectoral distribution on value-added tax
Data provided by the National Bureau of Statistics (NBS) shows that the country generated N338.94 billion as value-added tax in
Saudi Arabia has increased its rate of value-added tax by three-fold from 5% to 15%. According to the country’s news
Boss Mustapha, the secretary to the government of the federation, says the country will enter a bigger crisis if the
The proposed increase in the rate of value-added tax from the present 5% to 7.5% has been signed into law.
Amine Mati, a senior resident representative with the International Monetary Fund (IMF) and mission chief for Nigeria, says an increase
Zainab Ahmed, minister of finance, budget and national planning, says the federal executive council (FEC) approved an increase in value
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