Value Added Tax (VAT)

The Federal Government, States and Local Government Areas (LGAs) on Thursday shared N740.88 billion as federal allocation for the month of August. This is contained in a communique issued at the end of the Federation Accounts Allocation…

Dr Ovat Oyama, a lecturer at the University of Calabar says the planned increase in the Value Added Tax (VAT) by the Federal Government from 5 per cent to 7.5 per cent would affect high income earners more in the country. Oyama, who…

Malam Muhammad Sallau, a lecturer of the Federal University Dutse, Jigawa on Friday urged the Federal Government to expand the scope of  the Value Added Tax (VAT) to capture more items instead of an outright increment. Salawo gave the…

Some economic analysts on Friday expressed concern about the Federal Government’s increase in Value Added Tax (VAT) from five per cent to 7.2 per cent, saying government should preferably widen the tax net. The analysts condemned the…

The Peoples Democratic Party (PDP) has advised the Federal Government to reverse its decision to  increase the Value Added Tax (VAT) from 5 per cent to 7.2 per cent. The party in a statement issued by its National Publicity Secretary, Mr…

The Federal Inland Revenue Service (FIRS) says it will begin to impose Value Added Tax (VAT) on online transactions, both domestic and international, with effective from January 2020. The Executive Chairman of FIRS, Mr Tunde Fowler,…

Mixed reactions have trailed the proposed plan by the Federal Government to slam a five per cent Value Added Tax (VAT) on goods bought online. Experts told the News Agency of Nigeria (NAN) on Friday in Lagos, that the plan could…

A Don, Dr. Bright Erega, has urged the Federal Government not to increase the Value Added Tax (VAT) by whatever percentage for now as it would worse the poor purchasing power of the ordinary Nigerians. Eregha, who teaches Economics at…

The Nigerian Employers’ Consultative Association (NECA) has reacted to the call by President Muhammadu Buhari on state governments to increase Value Added Tax (VAT) in an attempt to increase their Internally Generated Revenue (IGR).…

Zambia will delay replacing Value Added Tax (VAT) with a non-refundable sales tax for three months until July, Finance Minister Margaret Mwanakatwe said on Friday. Mwanakatwe told the parliament in Lusaka that the delay was intended to…