Experts Hail FIRS as VAT Hits N1.56trn
The Federal Inland Revenue Service(FIRS) has received the commendation of analysts for collecting N1.56trn in its Value Added Tax collections in the second quarter of the year.
A report released by the Nigeria Bureau of Statistics on Sunday showed...
Nigeria Generated N1.43trn from VAT in Q1 2024 – NBS
The National Bureau of Statistics (NBS) says the country generated N1.56 trillion as value-added tax (VAT) between April and June this year.
The figure represents an increase of 9.11 percent when compared to the N1.43 trillion...
Dismiss Reports, VAT Remains 7.5% – Edun
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Monday dismissed circulating reports that the Value-Added Tax (VAT) rate has been increased from 7.5% to 10%.
In a statement signed by him, the Minister confirmed...
Nigeria Recorded N1.43tr VAT in Q1
The National Bureau of Statistics (NBS) said the aggregate Value Added Tax (VAT) stood at N1.43 trillion in Q1 2024.
This is according to the VAT Q1 2024 Report released in Abuja on Tuesday.
The report shows a growth rate of...
FAAC: FG, States, LGs share N1.1trn for May
The Federation Accounts Allocation Committee has shared the sum of N1.143 trillion to the three tiers of government.
A communique issued at the end of the committee’s meeting in Abuja, this evening, indicated that the funds were from...
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...
