VAT
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Economy
Senate passes VAT increase bill
Nigeria’s Senate on Thursday passed the Finance Bill for the third time. The bill, which comprises seven bills, seeks to…
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National
7.2% VAT will dampen Nigerians’ purchasing power, say financial experts
By Chinyere Joel-Nwokeoma Some financial experts on Thursday said that Value Added Tax (VAT) increment by the Federal Government would…
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Business
FIRS to begin VAT charge on online transactions Jan. 2020 – Fowler
The Federal Inland Revenue Service (FIRS) says it will begin to impose Value Added Tax (VAT) on online transactions, both…
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Business
Nigerians react over 5% VAT on online shopping
By Fabian Ekeruche Mixed reactions have trailed the proposed plan by the Federal Government to slam a five per cent…
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Business
VAT designed to support, not burden poor Nigerians, says Fowler
Chairman, Federal Inland Revenue Service (FIRS), Babatunde Fowler, yesterday said Value Added Tax (VAT) is designed to support poor Nigerians…
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Business
Nigeria’s employers’ union warns FG on VAT hike
Nigeria’s influential employers union has warned the Federal Government not to go ahead with a proposal to increase the Value-Added…
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Business
FIRS debunks 50% VAT increase
By Mustapha Sumaila The Federal Inland Revenue Service (FIRS) on Wednesday refuted report of planned increment of Value Added Tax…
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