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Tag "vat"

Newspaper Headlines: NBA, SANs warn n’assembly, FIRS over VAT law amendment

    Newspaper Headlines: NBA, SANs warn n’assembly, FIRS over VAT law amendment

The passage of the anti-open grazing and value-added-tax bills by the Lagos state house of assembly dominated the headlines of Nigerian newspapers.

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FIRS: States collecting VAT will lead to double taxation for businesses

    FIRS: States collecting VAT will lead to double taxation for businesses

The Federal Inland Revenue Service (FIRS) says the central collection of value-added tax (VAT) had prevented businesses from double taxation and hardship that could emerge through state collections. Mathew Gbonjubola,

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Restructuring Nigeria with a cutlass – the Wike way

    Restructuring Nigeria with a cutlass – the Wike way

‘’Restructuring Nigeria’’ is a quandary. There is no concord on the complexion or dimension which the re-engineering of Nigeria should take. There has been a cacophony of arguments, but one

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VAT judgement: ‘Maintain status quo, don’t panic’ — FIRS tells taxpayers

    VAT judgement: ‘Maintain status quo, don’t panic’ — FIRS tells taxpayers

The Federal Inland Revenue Service (FIRS) has asked taxpayers not to panic over the recent court ruling by the federal high court sitting in Port Harcourt. The court, on Monday,

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FIRS to Lagos: We’ll continue to collect VAT until appeal court decides on legal dispute

  FIRS to Lagos: We’ll continue to collect VAT until appeal court decides on legal dispute

The Federal Inland Revenue Service (FIRS) says it will continue to collect Value Added Tax (VAT) from businesses operating in

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‘We’re studying court judgment’ — CITN to take position on Rivers VAT ruling

  ‘We’re studying court judgment’ — CITN to take position on Rivers VAT ruling

The Chartered Institute of Taxation of Nigeria (CITN) says it is still studying a court judgement that invalidated the collection

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Cheaper car importation, N50 bank transfer charges — highlights of 2020 finance act

  Cheaper car importation, N50 bank transfer charges — highlights of 2020 finance act

The newly signed Finance Act 2020 ensures a balance between broader macro economic strategies to attract investments, grow the economy

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Senate passes finance bill 2020

  Senate passes finance bill 2020

The senate has passed the 2020 finance bill for third reading. The bill was passed after Solomon Adeola, chairman of

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#EndSARS: Senate asks FG to use 1% of VAT to repair property destroyed by mobs

  #EndSARS: Senate asks FG to use 1% of VAT to repair property destroyed by mobs

The senate has asked the federal government to use one percent of the revenue accrued to it from value added

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ICYMI: UK to withdraw tax-free shopping for travellers from January 2021

  ICYMI: UK to withdraw tax-free shopping for travellers from January 2021

The United Kingdom says tourists will no longer enjoy tax-free shopping from January 1, 2021. The UK treasury said the

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