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Category: VAT

Contrary to Nigeria’s Acceptance, Fight Broke Out In Ghana Parliament Over Tax on Electronic Transactions
VAT

Contrary to Nigeria’s Acceptance, Fight Broke Out In Ghana Parliament Over Tax on Electronic Transactions

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.

December 22, 2021December 22, 2021By Amosu Jeremiah2 mins read
Facebook Gives Guide on VAT Application
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

December 17, 2021December 17, 2021By Amosu Jeremiah3 mins read
AGF Confirms Consideration of Political Solution to Settle VAT Legal Tussle
VAT

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

November 15, 2021November 15, 2021By Amosu Jeremiah3 mins read
FG Shows Intention to Settle VAT Controversy Outside Court
VAT

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

November 14, 2021November 14, 2021By Amosu Jeremiah3 mins read
FG Loses ₦5.16tn to Different Tax Reliefs in 2020
Company Income Tax, General, VAT

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

October 19, 2021October 19, 2021By Amosu Jeremiah3 mins read
Contrary to Finance Act 2020, Airline Operators Laments Continuous Collection of VAT on Imported Items
Feature, VAT

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

October 15, 2021October 15, 2021By Amosu Jeremiah3 mins read
Unremitted Tax From Oil and Gas Sector Reaches Over ₦2.7trn-NEITI
General, VAT

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

October 4, 2021October 10, 2021By Amosu Jeremiah2 mins read
VAT Forecast: Study Shows Only 3 States Can Reach VAT, IGR Obligations
Feature, VAT

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

October 1, 2021October 1, 2021By Amosu Jeremiah3 mins read
Manufacturers and Service-Based Companies Begin August 2021 VAT Remittance to FIRS
FIRS, VAT

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

September 27, 2021September 27, 2021By Amosu Jeremiah3 mins read
State or Federal? 3 Possible Outcomes if VAT Collection Goes Either Way
Feature, VAT

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

September 20, 2021September 20, 2021By Amosu Jeremiah3 mins read

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