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Tag "vat"

NBS: Nigeria generated N588bn from VAT in Q1 2022 — up by 4.4% from previous quarter

    NBS: Nigeria generated N588bn from VAT in Q1 2022 — up by 4.4% from previous quarter

The National Bureau of Statistics (NBS) says the country generated N588.59 billion as value-added tax in the first three months of 2022. The figure represented an increase of 4.4 percent

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INSIGHT: Nigeria’s N4trn budget for petrol subsidy is more than 2021 CIT, VAT combined

    INSIGHT: Nigeria’s N4trn budget for petrol subsidy is more than 2021 CIT, VAT combined

On Thursday, the national assembly approved the request of President Muhammadu Buhari to earmark N4 trillion for petrol subsidy in 2022. Subsidy or under-recovery is the underpriced sales of premium

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Constitutional amendment: N’assembly rejects bill seeking to include VAT on exclusive list

    Constitutional amendment: N’assembly rejects bill seeking to include VAT on exclusive list

The national assembly has rejected a bill seeking to include value-added tax (VAT) in the exclusive list. The bill to “Alter Part I of the Second Schedule to the Constitution

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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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Finance bill: TIN not required for Nigerians to operate bank account, says presidency

  Finance bill: TIN not required for Nigerians to operate bank account, says presidency

The presidency says there are no provisions in the 2021 finance bill mandating Nigerians to have tax identification numbers (TINs)

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From Jan 1, Nigerians will pay 7.5% VAT on Facebook ads

  From Jan 1, Nigerians will pay 7.5% VAT on Facebook ads

Facebook says Nigerians will pay 7.5 percent value-added tax (VAT) on all ad placements from January 1, 2022. The social

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Nigeria’s low tax-to-GDP ratio not justification for increasing taxes, AfDB tells FG

  Nigeria’s low tax-to-GDP ratio not justification for increasing taxes, AfDB tells FG

Akinwumi Adesina, president of the African Development Bank (AfDB), says the federal government must exercise restraint in tax increment. He

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Commission seeks increase in VAT allocation to develop north-east

  Commission seeks increase in VAT allocation to develop north-east

The North East Development Commission (NEDC) has asked the national assembly to allocate five percent of value-added tax (VAT) and

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Newspaper Headlines: FG considers taking states to supreme court over VAT

  Newspaper Headlines: FG considers taking states to supreme court over VAT

The threat of declaration of state of emergency in Anambra state over the spate of violent attacks with the November

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Newspaper Headlines: Lagos demands one percent consolidated revenue fund allocation

  Newspaper Headlines: Lagos demands one percent consolidated revenue fund allocation

The resolution of the governors of the south-south to join the suit challenging the Federal Inland Revenue Service (FIRS) on

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