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...

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,...

FIRS Seeks CBN Support To Track VAT Paid By Foreign Entities The Federal Inland Revenue Service is seeking the support of the Central Bank of Nigeria to track payment of Value Added Tax made electronically by foreign entities that are not registered in Nigeria. The agency...

Buhari Explains Removal Of VAT From Domestic Air Fares   President Muhammadu Buhari says the recent decision by the Federal Government to remove Value Added Tax (VAT) from domestic air transportation fares is to make air travel more affordable to citizens. The president said this when he...

States Failed To Remit N41bn VAT – FIRS   The Federal Inland Revenue Service has accused state governments of failing to remit Value Added Tax to the tune of N41bn to the Federal Government’s coffers. The Jigawa State Governor, Abubakar Badaru, disclosed this to State House correspondents...

Airline Operators Threaten To Stop VAT Payment June 14   There is an imminent face-off between the Federal Government and airline operators over payment of Value Added Tax (VAT). The operators under the umbrella of Airline Operators of Nigeria (AON) yesterday rose from their meeting where...