Members of the Ghanaian parliament go physical as the opposition resisted an attempt to pass an unpopular tax on mobile money and electronic financial payments.
Category: VAT
Facebook Gives Guide on VAT Application
Facebook has issued a step by step procedure on how advertisers can adapt to the 7.5% VAT regime announced recently
AGF Confirms Consideration of Political Solution to Settle VAT Legal Tussle
Another top government official has hinted at the possibility of seeking a political solution to the ongoing back and forth regarding VAT Collection
FG Shows Intention to Settle VAT Controversy Outside Court
The Federal Government is taking a second thought over settling the VAT rows between the central and identified state governments on collection legality
FG Loses ₦5.16tn to Different Tax Reliefs in 2020
The loss on these reliefs are from Value Added Tax, Corporate Income Tax, and Petroleum Profit Tax
Contrary to Finance Act 2020, Airline Operators Laments Continuous Collection of VAT on Imported Items
The aviation sector under the aegis of Airline Operators of Nigeria, AON has registered displeasure over the Nigerian Customs Services still collecting charges like VAT on imported aircraft and spare parts against the provisions of Finance Act 2020
Unremitted Tax From Oil and Gas Sector Reaches Over ₦2.7trn-NEITI
From NEITI’s report, about 77 oil and gas companies in Nigeria owe the federal government over six types of taxes
VAT Forecast: Study Shows Only 3 States Can Reach VAT, IGR Obligations
A new study by BudgIT took on the issue of VAT collection beyond the ongoing debate of which tier of government is constitutionally responsible for the collection
Manufacturers and Service-Based Companies Begin August 2021 VAT Remittance to FIRS
Instead of further delay, sources have it that firms are already remitting August 2021 VAT returns to the FIRS, against the claims and counterclaims of Rivers and Lagos State
State or Federal? 3 Possible Outcomes if VAT Collection Goes Either Way
Beyond the VAT controversies, here is a highlight on some of the possible outcomes when final court judgment is made