VAT

Adewunmi Emereuwa: VAT Increase Burdens Nigerians, Lacks Coordinated Strategy

“VAT hike worsens economic hardships, regressive policy impacts millions; revenue growth inflation-driven” said Adewunmi Emereuwa.

2 weeks ago

Nigeria Hotel Owners Urge Members to Ignore FIRS’ Bid to Install Collection Software for VAT

The Incorporated Trustees of the Hotel Owners and Managers Association Lagos (HOMAL) has directed its members to treat with disdain…

3 years ago

VAT: Nigeria Government May Challenge States Directly at Supreme Court, Says AGF Malami

Nigeria's federal government may approach the Supreme Court to determine if the states have any constitutional right to collect the…

3 years ago

Plan to Amend Nigeria’s Constitution Over VAT Will Be Dead on Arrival, Southern Governor’s Chairman Akeredolu Says

Governor of Ondo State in Nigeria’s South-West and Chairman, Southern Governors Forum, Mr. Rotimi Akeredolu, has said the move by…

3 years ago

Akeredolu: Position of Southern Governors on VAT Applies To All Southern States

  ARISE News exclusive interview with the Governor of Ondo State, Rotimi Akeredolu   [bc_video video_id="6273291645001" account_id="6116119081001" player_id="default" embed="in-page" padding_top="56%"…

3 years ago

Southern Nigeria Governors Meet, Insist on States Collecting VAT

The Nigerian Southern Governors Forum rose from a prolonged closed-door meeting on Thursday in Enugu with a resolve not to…

3 years ago

Nigeria: Abuja Court of Appeal Stops Rivers State from Implementing VAT Judgement

The Court of Appeal in Abuja, Nigeria's federal capital, has ordered all parties in the appeal challenging the judgment of…

3 years ago

Nigeria: Lagos Assembly Passes VAT, Anti-Open Grazing Bills

The Lagos State House of Assembly on Thursday passed the state’s Value Added Tax (VAT) and the bill that prohibits…

3 years ago

Nigeria: FIRS Explains Why It’s Against States’ Collecting VAT

The Federal Inland Revenue Service (FIRS) on Wednesday explained its opposition to the administration of Value Added Tax (VAT) by…

3 years ago

‘Ventriloquist’s Voice’: FIRS Believes It Gets It’s Powers from the President, Not the Rule of Law, Dele Farotimi Says

Despite a Federal High Court in Port Harcourt rejecting a challenge by the Federal Inland Revenue Service (FIRS), on who…

3 years ago

Tax War: Despite Losing in Court, Nigeria’s Inland Revenue Service Insists on Collecting VAT

The Federal Inland Revenue Service (FIRS) has directed taxpayers they must continue to comply with their Value Added Tax (VAT)…

3 years ago

Nigeria: FIRS Insists on Collecting VAT, Warns Taxpayers Against Default

The Federal Inland Revenue Service (FIRS) has directed taxpayers in the country to continue to pay their Value Added Tax…

3 years ago

Nigeria May Raise VAT to 15% Before 2025: Report

A report by the Economist Intelligence Unit (EIU), London, has predicted that the federal government might effect a 100 per…

3 years ago

IMF Urges Nigeria to Embark on Aggressive Revenue Drive, Raise VAT to 10% by 2022

The International Monetary Fund has stressed the need for Nigeria’s federal government to intensify revenue mobilisation in order to reduce…

4 years ago

Nigeria Earns $7.7bn from VAT, Company Tax in 2020

Total revenues amounting to about N2.94 trillion ($7.7bn) were generated as both Value Added Tax (VAT) and Company Income Tax…

4 years ago