VAT

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Senate summons finance minister over FG’s plan to increase VAT

The Senate Committee on Finance says it will invite the Minister of Finance and the Chairman, Federal Inland Revenue Service,…

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Business

FG to increase VAT rate from 5 to 7%

The Federal Executive Council (FEC), presided over by President Muhammadu Buhari has approved a two per cent increase in value…

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Business

FG moves to increase VAT on some items

The federal government (FG) has revealed that its planning to increase Value-added tax (VAT) on some items this year. Zainab…

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Business

Nigeria Generated N246.30bn As VAT In Second Quarter of 2017 – NBS

Nigeria generated N246.30 billion as Value Added Tax (VAT) in the second quarter of 2017, the National Bureau of Statistics…

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News

Senate Approves Addition Of 3 Percent VAT For Northeast

Nigerian Senate has approved the allocation of three percent of Value Added Tax (VAT) accruable to the Federal Government in…

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