VAT Controversy: Appeal court reserves ruling in Lagos application to join suit
Sept. 16, 2021 The Abuja Division of the Court of Appeal has reserved ruling on the application filed by Lagos State Government seeking to join an appeal by the Federal…
VAT Dispute: Appeal Court orders all parties to maintain status Quo as Lagos applies to join appeal filed by FIRS
September 10, 2021 The Appeal Court sitting in Abuja has ordered all parties to maintain status quo and refrain from taking action that would give effect to the judgement of…
Lagos Assembly passes VAT, Anti-Open Grazing bills
Sept. 9, 2021 The Lagos State House of Assembly on Thursday passed the State’s Value Added Tax (VAT) Collection Bill and the Anti-Open Cattle Grazing Bill in the state. The…
Governors pledge to mediate in doctors’ strike
Aug. 27, 2021 The Nigeria Governors’ Forum (NGF) has resolved to take a mediatory role to resolve the ongoing strike by the Nigeria Association of Resident Doctors (NARD). The forum…
Continue to comply with VAT obligations – FIRS urges tax payersÂ
Aug. 23, 2021 The Federal Inland Revenue Service (FIRS) has urged taxpayers to continue to pay their Value Added Tax (VAT) to it to avoid paying penalties for failure to…
VAT increases by N15.86bn in Q2 – NBS
Aug. 10, 2021 Nigeria recorded an increase of N15.86 billion Value Added Tax (VAT) revenue from N496.39 billion generated in quarter one (Q1, 2021) to N512.25 billion in Q2. This…
MTEF/ FSP: FG projects N6.54 trn revenue, N2.62 trn to accrue to Federation Account, VAT in 2022
July 8, 2021 The Federal Executive Council (FEC) has approved the 2022 – 2024 Medium Term Expenditure Framework and the Fiscal Strategy Paper (MTEF/ FSP). Minister of Finance, Budget and…
FAAC: FG, states, LGs share N605.95bn in May As FG Sees Increase In VAT
June 24, 2021 The Federal Accounts Allocation Committee (FAAC) on Wednesday said it shared a total of N605.958 billion as May 2021 revenue to the Federal, States and Local Governments…
FAAC: FG, States, LGs share N619.3bn for December 2020
The Federal Government, States and Local Government Councils (LGCs) have shared N619.343 billion as federation allocation for December, 2020. Mr. Hassan Dodo, Director of Information, Ministry of Finance, Budget and…
There’s still much potential for growing VAT, independent revenues of the FG – El-Rufai
Governor Nasir El-Rufai of Kaduna state has lamented that Nigeria is not collecting as much public revenue as it can. He says that there is still much potential for growing…