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Tax Matters

MAN Urges FG To Stop 50% VAT Increase

MAN Urges FG To Stop 50% VAT Increase   The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to jettison the idea of increasing the Value Added Tax (VAT) by 50 per cent. MAN President, Mansur Ahmed, made this call on Wednesday, during the...

Tax Tribunal Resolves 42 Cases Worth N288bn

Tax Tribunal Resolves 42 Cases Worth N288bn A total of 42 tax-related disputes worth N288bn have been resolved by the Tax Appeal Tribunal within a period of eight months. The Coordinating Secretary of TAT, Mr Mohammed Abubakar, gave the figure in Abuja at the opening session...

FG Defaults On VAT Waiver For Domestic Airlines

FG Defaults On VAT Waiver For Domestic Airlines More than one year after the pronouncement for Value Added Tax (VAT) to be removed from air transport, the Federal Government has failed to implement the order. Findings by our correspondent showed that domestic airlines still pay VAT,...

LCCI Seeks Concessionary Tax Rate For SMEs

LCCI Seeks Concessionary Tax Rate For SMEs   The Lagos Chamber of Commerce and Industry has called for the concessionary tax rate for the Small and Medium Enterprise sector of the economy. Making the call in a communiqué issued at the end of its council meeting held...

Tax Probe: RMAFC, Workers Bicker Over Consultants’ Engagement

Tax Probe: RMAFC, Workers Bicker Over Consultants’ Engagement Workers of the Revenue Mobilisation Allocation and Fiscal Commission have disagreed with the management of the organisation over the use of consultants to probe banks for failure to remit all they collect on behalf of the government...

DAPPMAN, Others Decry Multiple Taxation, Beg Govt

DAPPMAN, Others Decry Multiple Taxation, Beg Govt Members of the Depot and Petroleum Products Marketers Association of Nigeria, Major Oil Marketers Association of Nigeria and the Independent Petroleum Marketers Association of Nigeria on Thursday declared that the government and its agencies should not kill oil...