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Vat
Nigeria: FG Set To Implement Zero VAT For Pharmaceutical Products
The Ministry of Health and Social Welfare has finalised the Executive Order Harmonized Implementation Framework that abolishes Value Added Tax (VAT) and Excise...
Nigerians To Pay VAT For Digital Services – Finance Minister
Nigerians may have to pay more for digital services as the Federal Government has introduced a policy requiring foreign companies that provide digital...
Lagos Assembly Passes VAT, Anti-Open Grazing Bills
The Lagos State House of Assembly on Thursday passed the State’s Value Added Tax (VAT) Collection Bill and the Anti-Open Cattle Grazing Bill...
FIRS Affirms Position On VAT Collection
The Federal Inland Revenue Service (FIRS) has urged taxpayers not to panic over the recent court ruling by the Federal High Court sitting...
NBS Says N424.71 Billion VAT Generated In Q3 2020
Sectoral distribution of Value Added Tax (VAT) data for Q3 2020 reflected that the sum of N424.71bn was generated as VAT in Q3...
7.5% VAT on Stockbroking Transactions Commences February 1, 2020
Sequel to the implementation of the Finance Act 2019, kindly be informed that effective 1st February 2020, Value Added Tax (VAT) charged on...
FEC Approves Increase In VAT To 7% From 2020, To Seek NASS Approval For Enabling Law
September 12, 2019 By TheAnalyst The Federal Executive Council (FEC), presided over by President Muhammadu Buhari has approved a two per cent increase...
Nigeria To Address VAT Exemption, Others On Capital Market Transactions
The Federal Government has stated that it is already tackling the issues regarding stamp duties collection and the extension of the VAT exemption...
