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Lagos State has emerged as the highest contributor to Nigeria’s Value Added Tax (VAT) revenue in 2024, generating a staggering ₦2.75 trillion. This represents 54% of...
The Presidential Tax Committee says it has no objection to the new “equitable” sharing formula for Value Added Tax (VAT) as proposed by the state governors....
The Coalition of Northern Groups (CNG) has expressed its position on Nigeria’s ongoing tax reforms. It commends the Nigerian Governors’ Forum (NGF) for advocating a more...
The Nasarawa State Governor, Abdullahi Sule, has disclosed that the Presidential Tax Committee has accepted the new proposed Value Added Tax (VAT) formula as recommended by...
The Nigeria Governors’ Forum (NGF) has opposed the proposed increase in Value Added Tax (VAT) from 7.5% to 10%, describing the move as untimely. The decision...
The federal government, along with 21 of the 36 states in the federation, has estimated a collective Value-Added Tax (VAT) revenue of ₦2.5 trillion for the...
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has given answers to 10 most frequently asked questions on the Tax...
The National Economic Council (NEC), led by Vice President Kashim Shettima, has called for the withdrawal of Tax Reform Bill from the National Assembly. The Council...
The Senator representing Borno South in the National Assembly, Mohammed Ali Ndume, has called on the Minister of Finance, Wale Edun, the Federal Inland Revenue Service,...
The lawmaker representing Borno South senatorial district, Senator Ali Ndume, has voiced opposition to the proposed increase in Value Added Tax (VAT), arguing that the federal...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has confirmed that the federal government is planning to raise the Value Added Tax...
The federal government is proposing to increase the Value Added Tax (VAT) from 7.5 percent to 10 percent. The executive bill to effect the increase and...
The Federal Government has announced the exemption of 63 items from Value-Added Tax (VAT), in a strategic move to stimulate various sectors of the Nigerian economy....
The Federal Government has announced the removal of Value Added Tax (VAT) on diesel, cooking gas, among others. Minister of Finance and Coordinating Minister of the...
The revenue generated by the Federal Government from Value Added Tax (VAT) reached an impressive total of ₦1.56 trillion in the second quarter of 2024, Naija...
The presidency on Monday, disclosed that the Value Added Tax (VAT) in Nigeria remains 7.5% and not 10%. The Special Assistant to President Bola Tinubu on Social...
The 2023 presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has warned that the proposed Value Added Tax (VAT) increase by President Bola Tinubu...
The Chairman of the Presidential Committee on Tax Reforms, Taiwo Oyedele, has said his committee’s proposal was a complete removal of Value Added Tax (VAT) and...
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has announced that the committee intends to propose legislation to the National Assembly...
The Federal Government has denied media reports that it is proposing an increase in the Value Added Tax (VAT) rate. The Chairman of the Presidential Committee...