Northern Governors Reject VAT Laws Enacted By Lagos, Rivers States       Northern Governors Forum on Monday kicked against the Value Added Tax laws enacted by the governors of Rivers and Lagos State governors which got the support of other Southern state governors. The Forum in an emergency...

Buhari Orders FIRS To Tax Digital Transactions           The Secretary to the Government of the Federation (SGF) and Chairman, Presidential Task Force (PTF) on COVID-19, Boss Mustapha President Muhammadu Buhari has ordered the deployment of technology to tax all digital transactions carried out across the country. The Secretary...

Private Sector Seeks FG’s Intervention On VAT Remittance             Following the controversy between the Federal and State Government on Value Added Tax (VAT), especially as today’s penalty-free period ends for tax remittance for the month of August, organised businesses have expressed concerns as to where to...

Oil Marketers Seek Removal Of VAT On Imported Cooking Gas       The Major Oil Marketers Association of Nigeria has said the imposition of Value Added Tax on imported Liquefied Petroleum Gas, also known as cooking gas, will hamper the adoption of the fuel in the country. The...

Andersen Faults FIRS On N1.8trn Tax Liability On Multichoice         Tax and business advisory firm, Andersen, has questioned how the Federal Inland Revenue Service (FIRS), arrived at the N1.8 trillion tax bill it slammed on MultiChoice Nigeria, warning that it could harm the reputation of both...

VAT Controversy: FIRS May Lose Over N2.4trn Revenue To States       The Federal Inland Revenue Service may lose over N2.4tn revenue to the 36 state governments in 2022 if it loses its appeal against a Federal High Court verdict which barred it from collecting the Value...