Tuesday, January 18, 2022
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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) to operate bank accounts. TIN is a unique number allocated

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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 media giant said this in a statement issued on Thursday.

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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 said that the fact that the country’s tax to gross

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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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Malami: States have no valid claim on VAT collection… it’s on exclusive legislative list

  Malami: States have no valid claim on VAT collection… it’s on exclusive legislative list

Abubakar Malami, attorney-general of the federation, says no state has the power to lay claim to the collection of value-added

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Udom Emmanuel: Decentralisation of VAT collection will favour every state

  Udom Emmanuel: Decentralisation of VAT collection will favour every state

Udom Emmanuel, governor of Akwa Ibom state, says the decentralisation of value-added tax (VAT) collection “will favour every single state”

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Nigeria needs a fiscal revolution

  Nigeria needs a fiscal revolution

Come to think of it, I have spent the past 18 years campaigning for restructuring, although not along ethnic lines.

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