Tag: vat

● Nigeria Earned N1.53trn From VAT In 2020- NBS

Nigeria has recorded a rise in Value Added Tax income to N1.53trn in 2020 regardless of the affect of the Covid-19 on the totally different sectors of Africa’s largest oil…

How removal of VAT will affect operations, by airlInes

By Kelvin Osa Okunbor Airline operators have expressed divergent views on how the removal of 7.5 per cent Valued Added Tax (VAT) hitherto factored into domestic airfares will affect their…

FG Says Reports of Another VAT Hike to 10.0% Untrue

By Dipo Olowookere The federal government has emphasised that it is not planning to increase the value-added tax (VAT) by another 2.5 per cent next year. Last year, the central…

FG VAT Generation Increases 29.8% to N424.7bn in Q3 2020

Image Source: Daily Trust By Adedapo Adesanya The Value Added Tax (VAT) generated by the federal government grew by 29.8 per cent in the third quarter (Q3) of the…