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Nigeria’s VAT rises to N496bn in three months – NBS

Nigeria’s VAT rises to N496bn in three months - NBS NEWS DIGEST - The National Bureau of Statistics, NBS, has revealed that revenues accrued through Value...

Nigerian govt removes VAT on commercial flight tickets

Nigerian govt removes VAT on commercial flight tickets NEWS DIGEST - The federal government has exempted commercial flight tickets from value-added tax (VAT). This is contained...
L-R: Muhammad Nami, Executive Chairman, Federal Inland Revenue Service (FIRS); Prof. Umar Danbatta, Executive Vice Chairman, Nigerian Communications Commission (NCC); Nneka Ifekwuna, Secretary, FIRS Board; Engr. Ubale Maska, Executive Commissioner, Technical Services and Barr. Adeleke Adewolu, Executive Commissioner, Stakeholder Management during the signing of the MoU to ascertain Value-Added Tax (VAT) elements in telco’s transactions in Abuja on Tuesday.

NCC, FIRS sign MoU for ascertaining VAT elements of telcos’ transactions

NCC, FIRS sign MoU for ascertaining VAT elements of telcos’ transactions NEWS DIGEST - The Nigerian Communications Commission, NCC, has signed a Memorandum of Understanding,...

Finance bill: NASS passes VAT increment proposal, others for 2nd reading

Finance bill: NASS passes VAT increment proposal, others for 2nd reading NEWS DIGEST--The House of Representatives has passed for second reading, the Finance Act (Amendment)...

FIRS to begin VAT charge on online transactions Jan. 2020 –...

NEWS DIGEST - The Federal Inland Revenue Service (FIRS) says it will begin to impose Value Added Tax (VAT) on online transactions, both domestic...

FIRS to impose VAT on online transactions, says Fowler

FIRS to impose VAT on online transactions, says Fowler NEWS DIGEST - The Federal Inland Revenue Service (FIRS) says it will soon begin collection of...
Babatunde Fowler, FIRS Chairman

FG moots idea of raising N6tn from petroleum tax, VAT

FG moots idea of raising N6tn from petroleum tax, VAT NEWS DIGEST--The Federal Government, through the Federal Inland Revenue Service, plans to generate N4.3tn from...

FIRS refutes report of 50% VAT increase

NEWS DIGEST - The Federal Inland Revenue Service (FIRS) on Wednesday refuted report of planned increment of Value Added Tax (VAT) by 50 per...

FG mulls 50% hike in VAT, others to pay minimum wage

FG mulls 50% hike in VAT, others to pay minimum wage NEWS DIGEST--Minister of Budget and National Planning, Senator Udo Udoma, and the Chairman of...