By Uthman Salami The Major Oil Marketers Association of Nigeria has urged the Federal Government to rescind its decision by removing the 7.5 per cent VAT on the product, MOMAN also kicked against the reintroduction of Value Added Tax (VAT)…
A member of the Lagos State House of Assembly, Setonji David, has said that the state will go ahead with the implementation of its recently assented VAT Law despite a stay of execution by the Appeal Court in Abuja last…
Lagos State Governor, Babajide Sanwo-Olu, has signed into law a bill empowering the state government to collect Value Added Tax (VAT). The Commissioner of Information and Strategy in Lagos, Gbenga Omotoso, disclosed this in a statement on Friday. “The governor…
The speaker of Lagos State House of Assembly, Mudashiru Obasa, said on Wednesday, the proposed law on Value Added Tax (VAT) would help the state meet more of its developmental goals. Obasa said this during a public hearing on a…
..as court reserves ruling Barth Ndubuwah, Port Harcourt The Federal High Court sitting in Port Harcourt has reserved judgement in the relief sought by the Federal Inland Revenue Services (FIRS) to restrain the Rivers State Government from enforcing the judgement…
The National Bureau of Statistics’ (NBS) on Tuesday disclosed that Nigeria recorded an increase of N15.86 billion Value Added Tax (VAT) revenue from N496.39 billion generated in quarter one (Q1, 2021) to N512.25 billion in Q2. NBS in its “Sectoral…
The National Bureau of Statistics (NBS) has said Value Added Tax (VAT) increased by N29.98 billion from N424.71 billion generated in third quarter to N454.69 billion in fourth quarter, 2020 (Q4 2020). The NBS said this in its “Sectoral Distribution…
The federal government has exempted commercial flight tickets from value-added tax (VAT). This is contained in the 2020 finance bill, which was signed into law by President Muhammadu Buhari on December 31, 2020. The bill exempts “airline transportation tickets issued…
