Coalition Insists Tax on Sugar-sweetened Beverages The National Action on Sugar Reduction Coalition has disagreed with the call in some areas to remove the tax on sugar-sweetened beverages. The Coalition called on the President, Bola Tinubu, to increase the sugar-sweetened beverage tax. It noted that the Manufacturers...

Nigerians Kick as FG Implements 7.5% VAT on Diesel The Federal Government, on Monday, confirmed that it had commenced the implementation of the payment of 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly called diesel. Officials of the Nigeria Customs Service and Federal...

Nigerians Groan Over Effects Of 7.5% VAT On Petrol Prices   Nigerians have begun to lament the effects of the introduction of a 7.5 per cent Value-Added Tax (VAT) on the price of premium motor spirit, otherwise known as petrol. This comes barely a month after President...

Manufacturers Tax Payments Rise to N62bn in Q1 2023 – NBS The Company Income Tax that manufacturers paid rose by 29 per cent to N62bn in the first quarter of 2023 from N44bn in the same period last year, according to reports published by the...

Companies, Consumers Paid N1tn Tax in Q1 2023 - Report The National Bureau of Statistics recent report says consumers of goods and services and companies paid about N1.18tn as taxes to the government in the first quarter of 2023. This represents a slight increase from the...

Import Tax: FG Eyes N124bn from 0.5% Imposition The Federal Government is set to make about N124.26bn in a year from the imposition of a 0.5 per cent import tax on goods introduced in Finance Bill 2023. The Finance Bill 2023 which was signed into law...