VAT
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...
Olaitan Sodiq
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...
Daily Report Nigeria
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...
Daily Report Nigeria
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...
Demilade Bakare
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...
Daily Report Nigeria
‘FIRS Should Continue to Collect VAT And Share, Not States’ — Governor Umahi
Governor David Umahi of Ebonyi State has declined supporting colleagues from Rivers, Lagos and other states in their bids to collect Value Added...
Tare Magbei
VAT: Despite Appeal Court Ruling, Wike Inaugurates Tax commission
Rivers State Governor, Nyesom Wike on Friday inaugurated the state’s Tax Appeal Commission shortly after the Abuja Division of the Court of Appeal...
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...
Daily Report Nigeria
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...
Olaitan Sodiq
