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Value Added Tax

MAN hails FG on diesel VAT waiver

The Manufacturers Association of Nigeria (MAN) has commended the Federal Government’s announcement of a 7.5 per cent Value Added Tax (VAT) waiver on Automotive Gas Oil (AGO), commonly called diesel. Director General of MAN, Mr. Segun…

Feed-bottle federalism erupts in VAT war

By Rose MOSES An Ogoni man from Rivers State, it would appear, was recently used to attack the governors of Rivers and Lagos states because of the ongoing cause célèbre over who should keep Value Added Tax (VAT) proceeds. The Federal…

FIRS insists on VAT collection

The Federal Inland Revenue Service (FIRS), have told taxpayers to continue the payment of their Value Added Tax (VAT) to the revenue collector. The FIRS warned that failing to do so would attract penalties. In a statement issued, in…