VAT, CIT fetch Nigeria N1.18trn tax revenues in Q1’23
Onome Amuge
June 20, 2023
By Onome Amuge The federal government raked in N1.18 trillion in taxes from consumers of goods and services and
VAT gaps need closing for enhanced revenue mobilisation
Cynthia EzekweJanuary 30, 2023
By Cynthia Ezekwe The ideal benefits and importance of revenues generated in the form of tax has become imperative for developing
FGN grows VAT, CIT revenue by 25%, generates N3.5trn
Onome AmugeDecember 20, 2022
Onome Amuge The federal government’s revenue from Value Added Tax (VAT) and Company Income Tax (CIT) grew 25 per cent,
FIRS appoints MTN, Airtel, commercial banks VAT collectors
Airtel, Chisom NwatuNovember 8, 2022
By Chisom Nwatu Telecommunications giants, MTN and Airtel, as well as commercial banks/deposit money banks in Nigeria have been
Subnationals, digital services and taxation opportunities
MARTIN Ike-MuonsoJuly 11, 2022
The significant gift of the 21st century is the digitally-driven fast pace of change in virtually all of life’s endeavours.
Professional services, manufacturing lead as VAT generates N651.77bn in H1 2020
Charles AbuedeJuly 27, 2020
Charles Abuede Data from the National Bureau of Statistics (NBS) show that the sum of N651.77 billion was generated as Value Added Tax
Reps kill motion to suspend implementation of 7.5% VAT
Businessam StaffJune 2, 2020
The House of Representatives has rejected a motion seeking to suspend implementation of the 7.5% Value Added Tax (VAT) Act in the
VAT, mineral, non-mineral revenues makes up NEITI’s N28.58trn federation account remittance in five years
Businessam StaffSeptember 23, 2019
The Nigeria Extractive Industries Transparency Initiative (NEITI) says the total amount remitted to the federation account between
Planned increase in VAT anti-people, anti-development – Labour
Businessam StaffSeptember 13, 2019
Organised Labour has on Friday rejected government planned increase in value added tax, VAT, from 5 percent to 7.2 percent, describing
7.2% VAT will render new minimum wage useless – NECA
Businessam StaffSeptember 12, 2019
The Nigeria Employers’ Consultative Association has said the implementation of the 7.2 percent value added tax approved by the Federal