Tag: VAT

The Federal Government, 36 state governments and 774 local government councils shared a record ₦3.007 trillion in Federation Account revenue ...

Value Added Tax, popularly known as VAT, is one of the major taxes used to generate revenue for the government. ...

Nigeria’s Federal Government spent N3.14 trillion servicing domestic debt in the first quarter of 2026, taking a significant share of ...

Taxes are a part of everyday life, but many people only notice them when they receive their salary, buy goods, ...

Nigeria recorded a major increase in non-oil revenue in February 2026, with collections rising to N2.40 trillion, according to the latest ...

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said the country’s major tax challenge is not ...

Nigeria’s Federation Account Allocation Committee (FAAC) has shared a total of N2.300 trillion among the three tiers of government as ...

The Federal Government has denied reports claiming it plans to introduce new taxes on telecommunications services and petroleum products, describing ...

The International Monetary Fund (IMF) has advised Nigeria to consider increasing its Value Added Tax (VAT) rate and introducing excise ...

The International Monetary Fund (IMF) has urged Nigeria to broaden its tax base by introducing excise duties on telecommunications services ...