Nigeria’s Foreign Tax Earnings Springs Up Over Weak Naira Nigeria has witnessed a significant surge in tax earnings from foreign firms, with figures nearly doubling in the span of one year. This significant fiscal boost is likely due to the weakening of the naira, which has...

FG to Raise VAT to 15% By 2027 to Fund Fiscal Deficit – EIU The federal government is expected to raise the Value Added Tax (VAT) to 15 per cent from the current 7.5 per cent by 2027 to enable it fund its fiscal deficit...

FG to Raise VAT to 15% By 2027 to Fund Fiscal Deficit – EIU The federal government is expected to raise the Value Added Tax (VAT) to 15 per cent from the current 7.5 per cent by 2027 to enable it fund its fiscal deficit...

Nigeria's VAT System Can do With Improvement – EU The European Union (EU) has said Nigeria's Value Added Tax (VAT) system can work better for companies with little improvements as the current system is riddled with inefficiencies. This assertion came from Massimo De Luca, Head of...

Nigeria's VAT System Can do With Improvement – EU The European Union (EU) has said Nigeria's Value Added Tax (VAT) system can work better for companies with little improvements as the current system is riddled with inefficiencies. This assertion came from Massimo De Luca, Head of...

FIRS Suspends Implementation of VAT Guidelines   The Federal Inland Revenue Service (FIRS) has announced the postponement of the implementation guidelines for the value-added tax simplified compliance regime on the supply of low-value goods through digital means by non-resident suppliers. In a statement, it said the postponement...