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Tag: Value Added Tax
news and analysis about Value Added Tax
Nigeria’s earnings from foreign taxes nearly doubled in 2023 over weak naira
Nigeria has witnessed a significant surge in tax earnings from foreign firms, with figures nearly doubling in the span of ...
Top 10 sectors that paid the most VAT in Nigeria in 2023
The Nigerian economy has displayed significant dynamism in the collection of Value Added Tax (VAT), with some sectors showing exceptional ...
Bank Recapitalisation: 17 out of 24 banks might not meet CBN capital requirements- Report
A new report from Ernst and Young estimates that 17 out of 24 banks might not meet the capital requirement ...
Attorneys General of 36 states meet over $418 million Paris Club Refunds, VAT, others
The Attorneys General of the 36 states of the Federation are scheduled to meet on Wednesday in Lagos to discuss ...
VAT collections up in 2021
The government enjoyed the best of both worlds as the economic recovery spurred growth in both VAT and CIT collections.
Nigeria records highest VAT revenue of N2.07 trillion in 2021
Nigeria generated its highest-ever valued added tax collection of N2.07 trillion in 2021, improving by 35.4% year-on-year.
Nigeria’s VAT revenue drops to N500.5 billion in Q3 2021 as manufacturing sector leads
Nigeria generated a sum of N500.49 billion as value-added tax in the third quarter of 2021, representing a 2.3% decline ...
FG considers taking Rivers, Lagos states to Supreme Court over VAT collection
The Federal Government has revealed that it is considering filing a suit at the Supreme Court in order to ensure ...
Governor Akeredolu says move to amend VAT law to favour FG will fail
The Ondo State Governor, Rotimi Akeredolu, has warned that the bid by some interests to amend the Value Added Tax ...
