Tag: VAT
FIRS can collect VAT from Lagos hotel owners, court declares
The court of appeal sitting in Lagos has ruled that the Federal Inland Revenue Service (FIRS) can collect value-added tax ...
FEC approves reforms to increase non-oil revenue by N3.8trn annually
The federal executive council (FEC) has approved reforms to increase Nigeria's non-oil revenue by N3.8 trillion and oil revenue by ...
FIRS to commence VAT compliance monitoring exercise July 1
The Federal Inland Revenue Service (FIRS) has stated that it will embark on a nationwide value-added tax (VAT) and withholding ...
From April 1, Google to deduct 7.5% VAT on ALL taxable services in Nigeria
Google has disclosed that it will charge 7.5 percent as value-added tax (VAT) from all taxable services provided to Nigerian ...
Nami: FIRS will leverage on finance act to achieve adequate budget funding
The Federal Inland Revenue Service (FIRS) has stated that it would use the instrumentality of the Finance Act 2021 to ...
VAT: Update records by Feb 25, Facebook tells Nigerian customers
The parent company of Facebook, Meta has disclosed that Nigerian customers should update their value-added tax (VAT) identification numbers by ...
Nigeria’s revenue trajectory is positive without oil – Akabueze
Director General of budget office of the federation, Ben Akabueze has stated that Nigeria is deliberately diversifying in 2022, as ...
MAN condemns new tax on carbonated drinks
The Manufacturers Association of Nigeria (MAN) has condemned the introduction of excise duty on all non-alcoholic, carbonated and sweetened beverages. ...
Like Facebook, Zoom to start charging 7.5% VAT from Nigerian users
Zoom Video Communications, Inc. (Zoom) has disclosed that it will begin to charge 7.5 percent value added tax (VAT) on ...
Zainab Ahmed: No changes to VAT, stamp duty regime in 2021 finance bill
The federal government has disclosed that there is no adjustment to the value-added tax (VAT) and stamp duty regime in ...
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