'15% Imported Vehicle Levy Illegal Under Finance Act'   Former member of the National Automobile Commission committee, Lucky Amiwero, has justified the 15 per cent levy imposed by the Nigeria Customs Service on imported vehicles illegal, saying that it contravenes the nation’s Finance Act. The NCS had,...

Fresh Crisis Looms Over Stamp Duties Collection   There are indications that a fresh crisis may occur between the federal government and a trade union over which is responsible for the collection of stamp duties between the Federal Inland Revenue Service (FIRS) and the Nigerian Postal...

Customs Faults Finance Act As Senate Sets N3trn Target For Revenue Agencies   The Nigeria Customs Service has described the Finance Act 2021 as confusing, saying it is hindering its ability to collect levies and taxes. This came as the President of the Senate, Ahmad Lawan, said...

FG Implements Finance Act, Charges 7.5% VAT On Transactions   The Federal Government has begun the implementation of some aspects of the Finance Act with the imposition of 7.5 per cent Value Added Tax on government transactions. The Accountant-General of the Federation, Alhaji Ahmed Idris, confirmed the...