Tag: VAT
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…
Reported Figures for VAT Generated and Received by Nigerian States in Q1 2025
Nigeria’s first quarter of 2025 presented a fiscal snapshot that was both illuminating and unsettling. Across the nation,…
FG, States, LGs share N619.3bn for December 2020
The Federal Government, States and Local Government Councils (LGCs) have shared N619.343 billion as federation allocation for December,…
Coronavirus: Suspend VAT Immediately, Tinubu Tells FG
The national leader of the All Progressives Congress (APC), Bola Tinubu, has called for the suspension of Value-Added…
Port Harcourt Disco begins 7.5% VAT February 1
Port Harcourt Electricity Distribution Company (PHED) will on February 1 begin the implementation of 7.5 per cent Value…
FG reveals date 7.5% VAT will take effect
Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning says the implementation of Value Added Tax…
Governors back 7.5% VAT increase as Senate okays finance bill
State governors yesterday expressed support for the Finance Bill, which seeks to increase Value Added Tax (VAT) from…
Why CBN approved new bank charges, proposed VAT increase – Emefiele
Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), says the plan to increase Value Added…
Resolution on VAT Exemption for Capital Market Operators will be Ready Soon – Osinbajo
The federal government will soon come up with a resolution on issues bordering on the collection of stamp…