States Have No Valid Claim on VAT Collection – Malami
Attorney-general of the federation, Abubakar Malami says no state in Nigeria has the constitutional power to lay claim to the collection of value-added tax (VAT). The minister of justice said…
VAT Bill Will End Agitations in Niger Delta if Passed – Activist
An activist, Cleric E. Alaowei, has commended the House Representatives over the ongoing move to back up the state governments collection of VAT with legislations. The Chairman of the Board…
Nigeria’s Tax System is Problematic And Confusing – Fayemi
Governor Kayode Fayemi of Ekiti State, has admitted that Nigeria's tax system is confusing and problematic. Fayemi, who doubles as the chairman of the Nigerian Governors’ Forum (NGF) said the…
Kick-start VAT Bill Process in Delta – Activist Charges Okowa
A chieftain of the Ijaw Youth Council worldwide, Chief Frank Akiefa, has called on Governor Ifeanyi Okowa to add his voice to the demands for States to collect Value Added…
FG Ready To Challenge States At Supreme Court Over VAT – Malami
Abubakar Malami, attorney-general of the federation (AGF), has expressed the federal government's readiness to challenge states at the supreme court over the collection of value-added tax (VAT). The Federal Inland…
Rivers Not At War With FG Over Tax Collection – Wike
Governor of Rivers State, Nyesom Wike says the state is not at war with Federal government over the collection of the Value Added Tax (VAT). Rivers State has been embroiled…
Dollar To Naira Exchange Rate: Black Market Rate Skyrockets To N1675
The dollar to naira exchange rate at the black market, also known as the parallel market (Aboki fx), has skyrocketed to N1675, according to sources at Bureau De…
Fiscal Policy: 63 Items Exempted From VAT [Full List]
The federal government of Nigeria has updated the list, as they announce the exemption of some items from the VAT. The FG recently revealed that 63 items would not have…
Wike Threatens To Seal FIRS Offices if They Continue To ‘bully’ Rivers Over VAT Collection
Rivers state governor, Nyesom Wike, has threatened to seal off Federal Inland Revenue Service (FIRS) offices over controversy sorrounding value-added tax (VAT) payment within the state. Wike, who stated this…
Reps Retain 7.5% VAT Rate, Reject Proposed Increase
The House of Representatives has adopted a 7.5% Value Added Tax (VAT) rate, rejecting a proposed increase to 15% by 2030. The decision was made as part of the Tax…