Report Says, Only Lagos, Rivers, Anambra Can Survive On IGR, VAT           Only three states in Nigeria can survive without support from the Federal Government. This was disclosed in BudgIT’s report ‘State of States, 2021 edition: Fiscal Options for Building Back Better’ released on Tuesday. According to BudgIT,...

Northern Nigeria and VAT: The Imperative Of Industrialization, by Abdulhaleem Ringim       Northern Nigeria has lately been dominating national news headlines following a Federal High Court judgement that shifted Value-Added Tax (VAT) collecting authority to states as opposed to the prevailing status quo that has the...

VAT Judgement: FIRS May Lose N92bn Revenue To States             If the judgement of the Federal High Court asking states government to collect Value Added Tax in their domain is upheld by the Appeal Court, the Federal Inland Revenue Service will lose about N92bn which it...

VAT: FIRS Patriotic Stance And National Developement, by Abubakar Yusuf       Following the landmark judgement of the Appeal court,Abuja division for parties to return to status quo on the judgement of the Federa High Court Portharcout Division instituted by Rivers State Government, that deals with the...

Fed Govt Implements Cooking Gas Imports Tax, Price Rises By 100%       The Federal Government has implemented a 7.5 per cent tax on imported Liquefied Petroleum Gas, popularly called cooking gas, as the cost of the commodity leap by over 100 per cent within a period...

ECOWAS Advices Nigeria To Raise VAT On Hotels, Others       The Economic Community of West Africa States has canvassed an increase in the Value Added Tax on luxury items including perfume, wine and other alcoholic beverages, fuelling speculations about inflation on the items. According to ECOWAS, Nigeria...