Lawmakers from northern Nigeria have raised objections to four tax reform bills under review in the National Assembly, citing potential harm to the region’s fragile economy.…
Browsing: VAT
The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, believes that allowing states to collect value-added tax (VAT) would negatively impact businesses. Oyedele was a…
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured the 19 northern governors in Nigeria that they will benefit…
The Nigerian government has confirmed plans to increase the Value Added Tax (VAT) rate, focusing primarily on luxury goods. Finance Minister and Coordinating Minister of the…
The Nigerian Government has declared that it will no longer apply value-added tax (VAT) on several energy products, including diesel, liquefied natural gas (LNG), compressed natural…
Nigeria’s Finance Minister, Wale Edun, has dismissed reports that the Value-Added Tax (VAT) rate has been adjusted to 10% from 7.5%. Edun clarified in a statement…
The South African Revenue Service (SARS) Commissioner Edward Kieswetter announced on Tuesday that the tax agency has collected a record gross amount of R2.155 trillion as…
Nigeria’s economy witnessed a substantial influx of revenue from Value Added Tax (VAT) and Company Income Tax (CIT) in the fourth quarter of 2023, according to…
Anculien Schoeman, University of Pretoria Taxes “are the dues that we pay for the privileges of membership in an organised society”. As the quote from US…