VAT revenue increased to N2.42trn, CIT drops to N1.37trn in Q1 2026 — NBS
Nigeria recorded N2.42 trillion in value-added tax (VAT) revenue in the first quarter of 2026, according to the latest sectoral…
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VAT
IMF proposes VAT on fuel, telecom excise duty to boost Nigeria’s revenue
The International Monetary Fund (IMF) has advised Nigeria to consider extending value-added tax (VAT) to petroleum products and…
Reps committee recovers ₦521.77m VAT from CBN
The House of Representatives Public Accounts Committee has successfully recovered ₦521.77 million in unpaid Value Added Tax (VAT)…
VAT resistance is a Nigerian thing, tax evaders should go to jail –…
The senator representing Edo North, Adams Oshiomhole, has said opposition to value added tax (VAT) is largely a Nigerian…
‘Transfers not taxed,’ NRS clears air on 7.5% VAT on bank…
The Nigeria Revenue Service (NRS) has clarified that the 7.5 percent Value Added Tax (VAT) will apply only to charges collected by…
Customs commences implementation of zero import duty, VAT on CNG, LPG…
The Nigeria Customs Service (NCS) has announced the implementation of a zero percent duty on compressed natural gas (CNG) and…
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…
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…