Value Added Tax
1 Dec
Former Vice President Atiku Abubakar has spoken out on the contentious tax reform bills proposed by President Bola Tinubu. Atiku’s statement follows the National Economic Council’s (NEC) recommendation to withdraw the Tax Reforms Bill, currently before the National Assembly. In a statement released on Sunday, Atiku emphasized the need for a fiscal system that promotes…
21 Oct
Federal Government has introduced a bill seeking to exempt a range of essential products and services from Value Added Tax (VAT) as part of its efforts to ease the financial burden on manufacturers and end users.
11 Sep
Despite the many troubles and severe macroeconomic headwinds facing local manufacturers across the country, the real sector contributed a significant share to the country’s Value Added Tax (VAT) in Q2 2024 with 11.78 per cent.
3 Sep
Presidential Fiscal Policy and Tax Reforms Committee said a law that will see Nigerians pay 10% value-added tax is in the pipeline.
12 Jun 2024
The aggregate Value Added Tax (VAT) collection stood at N1.43 trillion in Q1 2024, according to the VAT Q1 2024 Report released by the National Bureau of Statistics (NBS) yesterday.
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