Browsing Tag
vat
5 posts
N1.78 Trillion in Q3 2024: Nigeria’s VAT Collection – What’s Behind the Shocking Surge?
Nigeria’s Value Added Tax (VAT) revenue achieves record growth in Q3 2024, with manufacturing and information sectors leading contributions.
The National Bureau of Statistics (NBS) has announced an impressive growth in Nigeria’s Value Added Tax (VAT) collection, which reached … Continue Reading
PROPOSED VAT INCREASE: National Assembly Reviews Bill to Hike VAT Rate from 7.5% to 10% by 2025
National Assembly Reviews Bill Proposing phased VAT increase to 15% by 2030, while slashing corporate tax to boost investment.
The National Assembly is considering an executive bill proposing an increase in the Value-Added Tax (VAT) from 7.5% to 10% by … Continue Reading
New Zero VAT Policy On Pharmaceuticals and Medical Devices
The Nigerian government has officially commenced the implementation of zero Value Added Tax (Zero VAT) on pharmaceuticals and medical devices, in a move designed to reduce healthcare costs and boost local manufacturing.
The Zero VAT initiative, part of President Bola … Continue Reading
Nigeria Scraps VAT on Electric Vehicles, Diesel, CNG, to Reduce Living Costs
FG Removes VAT On Key Products to Cut Energy Costs, Boost Clean Energy Transition, and Attract Global Investments with New Tax Reforms
The Nigerian government has unveiled a bold move to reduce the cost of living by removing Value Added … Continue Reading
On The Value Added Tax (VAT) Controversy and Fiscal Federalism in Nigeria
By Professor Okechukwu Edward OKEKE
The judgement of the Federal High Coourt in Port Harcourt on this matter was not a policy decision by the judge. It was simply a declaration that there are no constitutional provisions that empower the … Continue Reading