VAT for Q4 2022 stood at N697.38bn — NBS
March 8, 2023 The National Bureau of Statistics (NBS), said the aggregate Value Added Tax (VAT) stood at N697.38 billion in Q4 2022. This is according to the VAT Q4…
Alleged VAT miscalculation: FIRS prays tribunal not accept witness testimony
Nov. 9, 2022 The Federal Inland Revenue Service (FIRS) on Wednesday urged the Tax Appeal Tribunal sitting in Abuja not to accept an appellate witness as expert in tax transaction….
VAT for Q2 stood at N600bn; electricity supply tops list — NBS
By Okeoghene Akubuike The National Bureau of Statistics (NBS), says the aggregate Value Added Tax (VAT) was reported at N600.15 billion for Q2 2022. This is according to the VAT…
NCC to introduce fees on type approved devices, short codes
August 10, 2022 The Nigerian Communications Commission (NCC) says it will soon introduce registration fees on Type Approved telecommunication devices and Short Codes. The commission made this known at the…
Track your estimated electricity bills to reduce discrepancies – FCCPC advises consumers
June 19, 2022 The Federal Competition and Consumer Protection Commission (FCCPC), has advised electricity consumers who receive estimated bill to track bills to avoid discrepancies by electricity distribution companies. The…
Global OEMs, Overseas-based Distributors evade VAT: Nigerian tech startups seek Ministry, FIRS intervention
February 18, 2022 Nigerian tech startups are complaining of increasingly being frustrated by global Original Equipment Manufacturers (OEMs) who connive with some overseas-based distributors to ship their products into Nigeria…
FG yet to implement VAT on imported LPG – marketers
Jan. 10, 2022 The Federal Government is yet to implement the payment of Value Added Tax (VAT) on imported Liquefied Petroleum Gas (LPG). LPG, also known as cooking gas marketers…
Climate change: Is the earth still safe for children?
Nov. 3, 2021 Every parent and lover of kids desire a secure environment in which to raise their children. They want a space where little ones can develop in good…
Oil producing states receive N54.206 bn as derivation as FG, States, LGs share N739.96bn for Sept
Oct. 29, 2021 The oil producing states in the country have received N54.206 billion as derivation (13 per cent of Mineral Revenue). This was disclosed by the Federation Accounts Allocation…
Tax collection: We’re only trying to pursue what’s right, legitimate within the ambits of the constitution – Wike
Oct. 24, 2021 Gov. Nyesom Wike of Rivers says the state is not fighting the Federal Government or any of its agencies over collection of Value Added Tax (VAT) as…