Tag: VAT

Indonesia Imposes 10% VAT on Amazon, Google, Netflix, Spotify

Tanimu- July 7, 2020

Indonesia imposed a 10 percent Value-Added Tax (VAT) on sales by technology firms including Amazon, Netflix, Spotify, and Google on Tuesday, as spending patterns shift ... Read More

Saudi Arabia triples value-added tax to counter COVID-19 losses

Abdul Jimoh- May 11, 2020

Saudi Arabia will increase its value-added tax (VAT) from five to 15 per cent in July, the Finance Ministry said on Monday, as part of ... Read More

FAAC: FG, states, LGs share N716.2bn for month of December

Abdul Jimoh- January 17, 2020

The Federation Accounts Allocation Committee (FAAC) has shared N716.298 billion to the three tiers of government for the month of December 2019. The Permanent Secretary, ... Read More

FIRS Realises N2.5bn From Value Added Tax Automation With Airlines

Suleiman Idris- April 13, 2017

  The Federal Inland Revenue Service(FIRS) has entered into Value Added Tax (VAT) automation with Aero contractors, Dana and Medview airlines to boost revenue collection ... 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

RMAFC Endorses New National Tax Policy

Suleiman Idris- February 9, 2017

The Revenue Mobilization Allocation and Fiscal Commission has endorsed the new National Tax Policy recently announced by the Federal Government to shore up Nigeria’s dwindling ... Read More

RMAFC Canvases For Upward Review of VAT from 5 % to 7.5%

Suleiman Idris- January 31, 2017

(NAN) The Revenue Mobilisation and Allocation Commission (RMAFC) said Value Added Tax (VAT) needs to be reviewed upward from 5 per cent to about 7.5 ... Read More

Only Vibrant Private Sector Can End Our Recession – Saraki

inno.korie- November 4, 2016

For Nigeria to end its economic recession, the government must urgently create an enabling environment for the private sector to thrive and drive the economic ... Read More