Tag: value added tax

FIRS to collect 5% VAT on Lottery, gaming activities

admin- April 9, 2019

The Federal Government has announced plans to charge Value Added Tax (VAT) on lottery and gaming activities. This was announced  in Lagos at a stakeholders’ engagement ... Read More

States owe FIRS N41bn tax – NEC

admin- August 16, 2018

Jigawa State Governor, Abubakar Badaru The National Economic Council (NEC) says states are owing the Federal Inland Revenue Service (FIRS)  N41 billion in Value Added ... Read More

Federal, states, councils share N701b

admin- May 24, 2018

FAAC: Finance minister Adeosun Federal, states and local governments have shared N701 billion as revenue for the month of April, the Permanent Secretary, Ministry of ... Read More

Group Seeks 0% VAT On Renewable Energy Products

Henry Solomon- April 4, 2017

The Renewable Energy Association of Nigeria (REAN) has advocated the provision  of  a zero per cent Value Added Tax (VAT) on all Distributed Renewable  Energy ... Read More

Senate Approves Addition Of 3 Percent VAT For Northeast

Henry Solomon- October 13, 2016

Senate Approves Addition Of 3 Percent VAT For the Rebuidling of the North East Nigerian Senate has approved the allocation of three percent of Value ... Read More