Value Added Tax
Varsity don seeks innovation for improvement on tax compliance
A professor of management and accounting at Lead City University, Godwin Oyedokun, has called for innovation to improve tax compliance in the country.
A nation haunted by history
Some knowledge of history is useful in leadership, going by recent gradual and silent encroachment on, and outright abridgements of the masses’ welfare by the Federal Government via increase of Value Added Tax...
Stakeholders urge FG to dump VAT increase, reduce cost of governance
The Periscope’s All Professionals After Work Hangout has advised the Federal Government to shelve the planned increase of Value Added Tax (VAT) from the current 5 per cent to 7.5 per cent.
Key highlights of bill proposing increase in VAT
Nigeria's Senate on Thursday passed the Finance Bill after it scaled through the third reading on the floor of the Senate.
'Increase in VAT, minimum wage to spike inflation by Q1 2020'
Following the implementation of the N30,000 new minimum wage and the planned increase on Nigeria's Value Added Tax (VAT), a research analyst has said the moves are capable of heightening inflationary pressure by the first quarter (Q1) of 2020.
‘Why FG plans pro-people budget for 2020’
Minister of Works and Housing, Babatunde Fashola, has described the 2020 national budget as pro-people and one aimed at driving development in the states to enhance citizens’ welfare.
Government urged to plug leakages instead of increasing VAT
Niger Delta Budget Monitoring Group (NDEUMOG) has called on the Federal Government to jettison its plans of increasing the Value Added Tax (VAT) but to block financial leakages, illicit flows and capital flights in all sectors of the economy.
Government earns N289b from VAT in Q1, loses by three per cent
The Federal Government earned N289.04 billion from Value Added Tax (VAT) in the first quarter of 2019, against N298.01 billion in the previous quarter, representing 3.01 per cent decline. The N8.97 billion VAT shortfall, compared with the previous quarter’s numbers, were part of the more than N300 billion deficit in revenue projection of the government…
States owe FIRS N41bn tax – NEC
The National Economic Council (NEC) says states are owing the Federal Inland Revenue Service (FIRS) N41 billion in Value Added Tax (VAT). Gov. Badaru Abubakar of Jigawa State, disclosed this while briefing State House Correspondents shortly after NEC meeting presided over by the Acting President, Prof. Yemi Osinbajo, on Thursday in Abuja. He said that…
The Vice President must hear this
Sir: The recent hike in the excise duty on alcoholic beverages by the Federal Government is an unfortunate policy with the propensity to put more than 25, 000 direct jobs...