Domestic Airlines May Raise Fares Following VAT Increase
There are indications that domestic airlines may raise airfares following the increase in Value Added Tax from five per cent to 7.5 per cent by the Federal Government.
Our correspondent gathered that airline operators are considering the increase...
New VAT: Stakeholders Demand Exemption, Waivers, Infrastructure
Following the decision of the Federal Government to begin implementation of increased VAT regime of 7.5 per cent, operators, stakeholders and experts have demanded waivers and exemptions from the government.
The stakeholders who spoke to our correspondents in separate...
Twenty Food Items, Others Get VAT Exemption
About 20 basic food items, locally manufactured sanitary towels, pads and tuition fees relating to nursery, primary, secondary and tertiary education have been added to the exemption list of goods and services on the VAT under the Finance...
Implementation Of 7.5% VAT To Commence February 1 — Minister
The Federal Government will from February 1 begin the implementation of 7.5 per cent Value Added Tax espoused by the finance law.
The law, according to the government, will take effect after all the necessary administrative...
VAT Increase May Raise Vehicle Prices, Airfares
There are indications that the increase in the rate of the Value Added Tax as spelt out in the Finance Law will lead to a hike in airfares as well as prices of new and used vehicles.
A new...
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...
