VAT

Oil marketers in Nigeria say the foreign exchange challenge in the country and the recent implementation of a 7.5 percent Value Added Tax on Automotive Gas Oil, popularly called diesel, has pushed up the cost of the commodity to between…

MTN, Airtel, as well as money deposit banks in Nigeria have been appointed by the Federal Inland Revenue Service (FIRS) to withhold Value Added Tax (VAT) charged on all taxable supplies made to them, and remit to the Service. This is…

Value Added Tax (VAT) for Q2 2022 in Nigeria is reported at N600.15 billion on aggregate, showing a growth rate of 1.96% on a quarter-on-quarter basis from N588.59 billion in Q1 2022, the National Bureau of Statistics has said. The NBS…

Google has informed its Nigerian users that the company would charge 7.5% VAT on all taxable goods and services, effective from April 1st, 2022. This was disclosed by Google via email sent to its Nigerian users where it also stated that…

The Court of Appeal sitting in Abuja, Nigeria's Capital has stopped the Rivers State government from collecting Value Added Taxes, VAT pending the determination of a suit filed by the Federal Inland Revenue Service, FIRS The Appellate…

The latest report by the National Bureau of Statistics (NBS) has shown that the sum of N512.25bn was generated as VAT in Q2 2021 as against N496.39bn generated in Q1 2021 and N327.20bn generated in Q2 2020, representing a 3.20% increase…

Latest report by the National Bureau of Statistics (NBS) reveals that Nigeria generated N496.39bn as Value Added Tax (VAT) in the first quarter of the year (Q1, 2021). This is against the N454.69bn generated in the fourth…