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Buhari signs anti-monopoly law

VAT now 7.5% as Buhari signs 2019 Finance Bill into law

  President Muhammadu Buhari on Monday signed the 2019 Finance Bill, which increased the rate of Value Added Tax (VAT) from the present 5% to 7.5%, into law.  The...

Buhari approves state, local government police

VAT now 7.5% as Buhari signs 2019 Finance Bill into law

  President Muhammadu Buhari on Monday signed the 2019 Finance Bill, which increased the rate of Value Added Tax (VAT) from the present 5% to 7.5%, into law. The...

reps-probe-can-forex-policy

Reps approves VAT hike to 7.5% 

  The House of Representatives has approved the request by President Muhammadu Buhari to increase value added tax (VAT) from 5 percent to 7.5 percent. The lower...

FG mulls increase in VAT, excise duties

VAT increase to take effect from January 2

  the Minister of Finance, Zainab Ahmed, has said that the new finance bill, which recommends a 50 per cent increase on value added tax (VAT) passed by the Senate...

Senate confirms all 43 ministerial nominees

Senate passes bill to increase VAT to 7.5%

  The Nigerian Senate has passed the Finance Bill.  The bill, which was presented to the National Assembly by President Muhammadu Buhari in October, seeks to...

Senate rejects NDDC nominee 

Senate passes bill to increase VAT to 7.5%

  The Nigerian Senate has passed the Finance Bill.  The bill, which was presented to the National Assembly by President Muhammadu Buhari in October, seeks to...

Do you support government’s plan to increase VAT to 7.5%?

At 5 percent, Nigeria has one of the lowest VAT rates in Africa. However, I am not sure that the timing of this proposed increase is the best. People are struggling. For...

Value Added Tax

7.2% VAT will render new minimum wage useless – NECA

The Nigeria Employers’ Consultative Association (NECA) has said the implementation of the 7.2 per cent Value Added Tax approved by the Federal Executive Council will...

Zainab-Ahmed

Nigerian government raises VAT to 7.2%, approves N10.07trn 2020 budget

  Nigeria’s Federal Executive Council (FEC) on Wednesday approved an increase in the rate of value added tax frorm 5% to 7.2% and also approved N10.07 trillion...

Tinubu: I must say this to Professor Osinbajo and his team: don’t increase VAT 

Tinubu: I must say this to Professor Osinbajo and his team: don’t increase VAT 

“I must say this to Professor Osinbajo and his team: don’t increase VAT, but increase tax net to accommodate those who are not yet paying. Don’t reduce the...

Tinubu sides with Nigerian masses, warns FG against increasing VAT

Tinubu sides with Nigerian masses, warns FG against increasing VAT

By Omotilewa Quadri The National Leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu on Thursday identified with Nigerian masses and called on the Federal...

Babatunde-Fowler

Fowler denies calling for 50% hike in VAT rate 

The Chairman, Federal Inland Revenue Service (FIRS), Babatunde Fowler, on Wednesday denied reports of a plan to increase the rate of value added tax (VAT) by 50 per cent...