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Tag "vat"

NBS: Nigeria generated N1.49trn from VAT in six months — up by 25% from H1 2022

    NBS: Nigeria generated N1.49trn from VAT in six months — up by 25% from H1 2022

Nigeria generated N1.49 trillion as the aggregate revenue from value-added tax (VAT) in the first half of 2023, according to data from the National Bureau of Statistics (NBS), released on

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FIRS: From Sept 1, companies trading in TV masts, cell towers to charge VAT

    FIRS: From Sept 1, companies trading in TV masts, cell towers to charge VAT

The Federal Inland Revenue Service (FIRS) says from September 1, 2023, 7.5 percent value added tax (VAT) will be charged on items excluded from building. The revenue agency announced the

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FAAC allocation to FG, states, LGAs increased by N120bn in June

    FAAC allocation to FG, states, LGAs increased by N120bn in June

The federation account allocation committee (FAAC) says it shared N907.05 billion among the three tiers of government in June 2023. The June allocation shows an increase of N120.893 billion compared

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Despite VAT waiver on sanitary pads, Nigeria’s economic woes push more women into period poverty

    Despite VAT waiver on sanitary pads, Nigeria’s economic woes push more women into period poverty

Sitting on the edge of her bed in a dimly lit cramped room, Peace (not her real name) darted her eyes around, too embarrassed to share her memories. The electricity

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Tax reforms: NECA hails Tinubu’s ‘bold intervention’, calls for review of diesel VAT

  Tax reforms: NECA hails Tinubu’s ‘bold intervention’, calls for review of diesel VAT

The Nigerian Employers Consultative Association (NECA) says the decision by President Bola Tinubu to suspend the implementation of the Finance

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Create tax awareness to prevent abuse of VAT initiative for traders, Taiwo Oyedele tells FG

  Create tax awareness to prevent abuse of VAT initiative for traders, Taiwo Oyedele tells FG

Taiwo Oyedele, Africa tax leader at PricewaterhouseCoopers (PWC), says the new value-added tax direct initiative (VDI) would need proper awareness

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FG partners market association to collect VAT from 40m traders

  FG partners market association to collect VAT from 40m traders

The Federal Inland Revenue Service (FIRS) says it has partnered with the Market Traders Association of Nigeria (MATAN) for the

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FIRS set to implement new VAT filing procedures for suppliers, importers

  FIRS set to implement new VAT filing procedures for suppliers, importers

The Federal Inland Revenue Service (FIRS) has provided updates on the implementation of the input value-added tax (VAT) filing procedures

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FAAC: FG, states, LGAs shared N722bn as allocation in February — down by N27bn

  FAAC: FG, states, LGAs shared N722bn as allocation in February — down by N27bn

The Federation Account Allocation Committee (FAAC) says it shared N722.677 billion among the three tiers of government in February 2023.

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NBS: Nigeria generated N697bn from VAT in Q4 — up by 11% from Q3

  NBS: Nigeria generated N697bn from VAT in Q4 — up by 11% from Q3

The National Bureau of Statistics (NBS) says Nigeria generated N697.38 billion as the aggregate revenue from value-added tax (VAT) in

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