Nigeria Earned N275bn From Value Added Tax in third quarter of 2019
Nigeria has earned a total of N275.12 billion from Value Added Tax in the third quarter of this year, this figure was released by the National Bureau of Statistics. The…
Finance Bill: Reps Pass VAT Increment Proposal, Others For Second Reading
The House of Representatives has passed for second reading, the Finance Act (Amendment) Bill, a component of which seeks to increase the Value Added Tax from 5 per cent to 7.5 per…
Workers lock Up LG boss Over Unpaid Salaries
Protesting workers in Doma Local Government Area of Nasarawa State locked up the council chairman, Mr. Rabo Sani, for over three hours to press for the payment of their outstanding…
CNPP Reacts To Scrapping Of House Of Reps, Bill To Replace VAT
By Olamilekan Alani Conference of Nigeria Political Parties (CNPP) has reacted to the bill to enact a law to impose a communication service tax meant to replace the Federal Government’s…
Senate Imposes Tax On GSM, Cable TV Subscribers
The Bill for an Act to establish the Communication Service Tax, on Wednesday, passed its first reading at the Senate The bill, which was sponsored by a former Senate Leader,…
Experts Differ As Labour, Others Reject VAT Hike
Ahmed The Minister of Finance, Budget and National Planning, Zainab Ahmed, who announced the proposed increase after the Federal Executive Council (FEC) meeting on Wednesday said it was to shore…
Fed Govt Raises VAT By 2.2%
The Federal Executive Council (FEC) took some far-reaching decisions at its maiden weekly on Wednesday. It approved the increase of the Value Added Tax (VAT) from five per cent to…
