Nigeria’s VAT Performance Lowest In West Africa – FG   The Federal Government, on Tuesday, raised concern over the performance of the Value Added Tax (VAT) in Nigeria as the lowest in the West African region. While describing the development as worrisome, the government stressed the need...

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...

Buhari's Reign: FG Rakes In N10trn VAT in 8 Years – NBS The Federal Government has raked in N10.1tn from the collection of Value Added Tax under the regime of the President Muhammadu Buhari. This comes against the backdrop of the advice by the Minister of...

FG Raked In N697.38bn Through VAT In Q4, 2022 — NBS   The National Bureau of Statistics, NBS, said the aggregate Value Added Tax, VAT, stood at N697.38 billion in Q4 2022. This is according to the VAT Q4 2022 Report released in Abuja on Wednesday. The report...

FG, States, LGAs Share N673.137bn As August Revenue Declines By N280bn   The revenue shared in August by the three tiers of government dropped by 280.948 billion as the federal, state and Local Government Councils (LGCs) shared N673.137bn. They had shared N954.085bn for July, acclaimed to be...

Fed Govt Grows VAT By 20%, Rakes In N1.2trn   The Federal Government through the Federal Inland Revenue Service has grown its proceeds of Value of Added Tax by 20 per cent to N1.2tn in the first six months of 2022. According to different reports by the...