Tag: Value added tax
VAT ON BANK CHARGES: What Nigerians need to know
Banks across Nigeria have announced that from January 19 they will begin deducting 7.5 per cent value-added tax…
Nigeria generates N338.94bn from VAT in first quarter of 2020
The National Bureau of Statistics (NBS) says N338.94billion was generated as Value Added Tax (VAT) in the first…
COVID-19: Saudi Arabia triples VAT, suspends cost of living allowance
The rate of value-added tax has been increased by three-fold from 5% to 15% in Saudi Arabia. The…
BREAKING: Senate okays 7.5% hike in VAT, 6 other taxes
The Finance Bill which seeks to amend seven Acts of the National Assembly relating to taxes payable in…
Controversy over 7.2 per cent VAT rate
MIXED reactions on Thursday trailed the 7.2 per cent Value Added Tax (VAT) proposed by the Federal Executive…