FULL LIST: FG exempts gas generators, CNG/LPG dual fuel vehicles, 61 others…
The Federal Government has announced that 63 items are now exempt from Value-Added Tax (VAT).
Taiwo Oyedele, Chairman of the…
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VAT
VAT remains 7.5 per cent — Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday, refuted reports suggesting that the…
Tinubu signs Executive Order removing tariffs, VAT on pharmaceuticals…
President Bola Ahmed Tinubu has issued an Executive Order imposing zero tariffs, excise charges, and VAT on specialist machinery,…
States banning alcohol shouldn’t get VAT on beer – Ex Minister
Prof Isaac Adewole, a former Health Minister, has promoted fiscal federalism, in which states receive monies in proportion to what…
Nigeria’s VAT collection, lowest in Africa —Speaker Abbas
Speaker of the House of Representatives, Abbas Tajudeen, has highlighted that Nigeria has the lowest efficiency in collecting…
Nigeria records N948.07bn VAT in Q3 2023 – NBS
The National Bureau of Statistics said the aggregate Value Added Tax stood at N948.07b in Q3 of 2023.
Nigeria generates N1.49trn from VAT in 2023 H1 – NBS
A recent report released by the National Bureau of Statistics (NBS) showed that Nigeria generated N1.49 trillion as the aggregate…
FG generates N588.6bn VAT in Q1 2022
Nigeria’s federal government generated N588.6 billion as Value Added Tax
FG, States, LGs share N699.824bn as VAT revenue increase by N5bn
The Federation Accounts Allocation Committee (FAAC) has shared a total of N699.824 Billion to the Federal Government, states, and…
VAT dispute: FG considers political, out-of-court settlement with states
The Federal Government is considering an out-of-court settlement to resolve the lingering disagreement with states over the…