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...
Lagos Preparing For VAT Collection - LIRS
The Lagos State Inland Revenue Service has said it is ready for Value Added Tax collection.
It disclosed this in an answer to a question raised during the LCCI’s ‘SMEGroup Workshop on Assisting MSMEs with Regulatory Compliance’ that held...
Ogun State Govt Introduces VAT Bill, Scales First, Second Reading At Assembly
Ogun State has introduced the Value Added Tax Bill, 2021 at the State House of Assembly in the wake of the raging controversy over the administration of VAT between the Federal Inland Revenue...
The VAT Struggle : Lessons For The North, by Sani Danaudi Mohammed
The current VAT struggle between the Federal Government and two states in the South, Rivers and Lagos, is sending strong signals to the slumbering North. Obviously, they, the northern states, have abandoned the...
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...
FIRS, States And Matters Arising, by Abubakar Yusuf
Since the introduction of Value Added Tax (VAT) collectible by Federal Inland Revenue Service (FIRS) in Nigeria for many years,the proceeds is often distributed among the three tiers of government ranging from the Federal 36, States ,as...
