NCC, FIRS sign MOU for ascertaining VAT elements of telcos’ transactions
The Nigerian Communications Commission (NCC), has signed a Memorandum of Understanding (MOU) with the Federal Inland Revenue Service (FIRS). This ...
Tag: VAT
COVID-19: FG dashes Nigerians’ hope of VAT reduction
The federal government of Nigeria has told residents of the country to erase the idea of reduction in the value ...
Nigerians lament call rates as 7.5% VAT increase bites hard
As the new Value Added Tax (VAT) regime takes full effect, 7.5 VAT is now being applied to phone calls ...
Minister inaugurates FIRS board, announces date of commencement of new VAT regime
Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning said the implementation of the new regime of 7.5 ...
List of Items Exempted from VAT in New Finance Bill
On Monday, President Muhammadu Buhari signed the Finance Bill 2019 into law, approving the 50 percent in the value added ...
Proposed 7.5% VAT not targeted at poor Nigerians – FG
Nigerians have been informed by the federal government that the proposed hike of the Value Added Tax (VAT) next year ...
FG’s proposed VAT increase illegal – Falana
The proposed increase in value-added tax (VAT) has met quite a number of criticisms and the latest is from human ...
Propose Money Bill before implementing increase in VAT, Falana tells FG
Human Rights Lawyer, Femi Falana, has called on the Federal Government to propose a Money Bill to the National Assembly ...
CBN backs FG’s plan to increase VAT, gives reason
Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), says the plan to increase Value Added Tax (VAT) ...
FG defends proposed 2.2 per cent increment in VAT
The federal government has defended its decision to increase Value Added Tax (VAT) from 5 to 7.5 per cent. There ...
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