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Top 5 Stories of The Day | Tax Reform Bill Proposes 55% VAT Revenue for States

YNaija November 29, 2024

Army Seizes Power in Gabon Following Controversial Election; NNPP Suspends Kwankwaso Over Alleged Romance with Peter Obi, others | 5 Things That Should Matter Today

Army Seizes Power in Gabon Following Controversial Election NNPP Suspends Kwankwaso Over Alleged Romance with Peter Obi, others Tony Elumelu Meets with President Tinubu, Commends New Reforms Police Arrest 67…

Ayọ̀délé Ìbíyẹmí November 5, 2020

Why FG’s planned VAT rate increase will do more harm than good

As part of the Federal Government’s revenue generation plan, the Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed, announced the intention to increase the rate of Value Added…

Edwin Okolo November 12, 2019

Took them long enough, but the Nigerian senate is finally putting its foot down on the VAT hike

For the last few months, the Federal government has been seriously cash strapped and growing increasingly desperate in the ways they seek to find money to finance their largely wasteful…

Bernard Dayo September 13, 2019

5 Things that Should Matter Today: The PDP has advised FG to reverse its decision on VAT increase from 5% to 7.2%

The Peoples Democratic Party (PDP) has advised the Federal Government to reverse its decision to increase the Value Added Tax (VAT) from 5 per cent to 7.2 per cent. The…

Bernard Dayo August 6, 2019

5 Things that Should Matter Today: Funke Akindele’s directorial debut ”Your Excellency” is a political comedy driven by social media

Funke Akindele will make her directorial debut in collaboration with EbonyLife Films, a political comedy titled Your Excellency and driven by social media. Akindele has been one of the industry's…

tosin adesina August 14, 2018

FG’s removal of VAT from cooking gas is apt but should have come earlier

After extended pressure on federal government by stakeholders in the oil and gas sector, the federal government has concluded plans to remove the value added tax (VAT) on liquefied petroleum…

Azeez August 1, 2017

Lagos provides more than half of Nigeria’s VAT – Adeosun

Minister of Finance, Kemi Adeosun has said more than half of Nigeria's value added tax (VAT) comes from Lagos state. Adeosun said this while speaking at the parley between the federal…

Azeez February 2, 2017

FG to increase VAT on luxury items

The Federal Government has announced plans to increase the Value Added Tax on luxury items. Minister of Finance, Kemi Adesina disclosd this after the federal executive council meeting on Wednesday.…

Azeez November 28, 2016

We will start charging Nigerians VAT on passports – FIRS

The Executive Chairman of the the Federal Inland Revenue Service (FIRS), Tunde Fowler on Monday said Nigerians will now pay Value Added Tax (VAT) before obtaining their passports. Fowler made…

Mazi Emeka April 10, 2016

Buhari’s administration is ‘wicked and insensitive’ to Nigerians – Fayose

“Nigerians are suffering and the little that they have, the federal government is planning to take back through VAT increment. This is wickedness,” says the loquacious Governor of Ekiti state,…

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Tag: VAT

Top 5 Stories of The Day | Tax Reform Bill Proposes 55% VAT Revenue for States

Top 5 Stories Of The Day | National Assembly Considers Approving Bill Raising VAT From 7.5% To 10% By 2025

Top 5 Stories Of The Day | Minister of Finance affirms that V.A.T. remains 7.5%, not 10%