VAT increase Archives

TIN for individual business accounts, no VAT on pads… 15 ways new finance bill will change Nigeria

The finance bill signed by President Muhammadu Buhari will affect Nigeria’s economic space in more ways than one. Checks by TheCable showed that the bill amends 80 provisions across the

Senate approves Buhari’s request to increase VAT

The senate has approved the request by President Muhammadu Buhari to increase value added tax (VAT) from 5 percent to 7.5 percent. The senate approved the request after Solomon Olamilekan,

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Fowler: No harm in introducing communication tax, Nigerians talk a lot on phone

Babatunde Fowler, chairman of the Federal Inland Revenue Service (FIRS), says there is no harm in introducing a communication tax. Fowler made this known on Monday while speaking to TheCable

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PDP says FG’s plan to increase VAT is cruel

The Peoples Democratic Party (PDP) has described plans by the federal government to increase value-added tax on specific items as cruel and anti-people. In a statement on Friday, Kola Ologbondiyan,

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