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Tag "vat"

Much ado about VATs and charges

    Much ado about VATs and charges

Every great and rational leader means well for the governed. Many want to be remembered for good by leaving behind great legacy. The challenge in this is the process, attitude

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Zainab Ahmed: FEC approved increase in VAT to 7.5% — NOT 7.2%

    Zainab Ahmed: FEC approved increase in VAT to 7.5% — NOT 7.2%

Zainab Ahmed, minister of finance, budget and national planning, says the federal executive council (FEC) approved an increase in value added tax (VAT) from 5% to 7.5% and not 7.2% which

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FEC approves increase in VAT rate to 7.2%

    FEC approves increase in VAT rate to 7.2%

The federal executive council (FEC) has approved an increase in value added tax (VAT) rate from 5 percent to 7.2% percent Zainab Ahmed, minister of finance, budget and national planning,

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Uber, Jumia, Netflix…. businesses that may be affected by FIRS’ new VAT policy

    Uber, Jumia, Netflix…. businesses that may be affected by FIRS’ new VAT policy

Businesses operating in Nigeria’s internet space are preparing to add value-added tax (VAT) to their cost of doing business. Babatunde Fowler, executive chairman of the Federal Inland Revenue Service (FIRS)

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FIRS generates N1.5tn in three months, beats 2018 record

  FIRS generates N1.5tn in three months, beats 2018 record

The Federal Inland Revenue Service (FIRS) says it  generated N1.5 trillion as revenue in the first quarter (Q1) of 2019.

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IMF supports VAT hike, asks FG to recapitalise weak banks

  IMF supports VAT hike, asks FG to recapitalise weak banks

The International Monetary Fund (IMF) says the federal government should end fuel subsidies and create a credible timeline to recapitalise

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Tax default: FIRS extends ‘account freeze’, plans to recover N750bn by June

  Tax default: FIRS extends ‘account freeze’, plans to recover N750bn by June

Babatunde Fowler, executive chairman of the Federal Inland Revenue Service (FIRS), says the service plans to recover N750 billion from

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Don’t increase VAT, Tinubu warns FG

  Don’t increase VAT, Tinubu warns FG

Bola Tinubu, a national leader of the ruling All Progressives Congress (APC), has advised the federal government not to increase

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Sowore’s movement rejects plan to increase VAT

  Sowore’s movement rejects plan to increase VAT

Take It Back movement,the group which coordinated the presidential campaign of Omoyele Sowore, publisher of SaharaReporters, says plans by the

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FIRS: No plan to increase VAT to 50 percent

  FIRS: No plan to increase VAT to 50 percent

The Federal Inland Revenue Service (FIRS) says it has no plans to increase the rate of value added tax (VAT)

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