Value Added Tax

February (THEWILL) - The strong regulation by the Nigerian Communications Commission (NCC) over the telecommunications (telecoms) industry has created the environment for expanded revenue opportunities by government, banks and operators, THEWILL can confirm. The various windows of taxes, levies and...

January 28, (THEWILL) - The Nigerian National Petroleum Company Limited (NNPCL) recorded a profit after tax of N2.5 trillion for the 16 months to December 2022, its latest audited financials show. The new report breaks away from the previous tradition...

January 28The Federal Capital Territory's Internal Revenue Service, FCT-IRS, has reminded Abuja socialite, Aisha Achimugu to fulfil her tax obligations. FCT-IRS posted on its social media X handle that it wished the socialite the warmest birthday as she lavishly celebrated...

December 11, (THEWILL) - The aggregate Value Added Tax (VAT) stood at N948.07 billion in Q3 2023, the National Bureau of Statistics (NBS) has said in its VAT Q3 2023 Report released on Monday, in Abuja. This shows a growth...

October 25, (THEWILL) - The Federation Account Allocation Committee (FAAC), has shared a total sum of N903.480 billion, September 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. A communiqué issued by the...

October 24, (THEWILL) - President Bola Tinubu has ordered immediate implementation of the recommendations made by the Presidential Fiscal Policy and Tax Reform Committee across ministries, agencies, and departments of the Federal Government. The President gave the order on Tuesday,...

August 29, (THEWILL) - Vice President Kashim Shettima, has charged members of the Presidential Committee on Fiscal Policy, Tax Reforms, to develop a robust roadmap that will transform the economy of the country. A statement issued by Olusola Abiola, Director...

The Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers (PwC), Taiwo Oyedele, has been appointed to chair the Presidential Committee on Fiscal Policy and Tax Reforms announced on Friday. The committee is in consonance with the new administration’s ...

Like the proverbial advice not to let the left hand know what the right hand is giving, the President Bola Tinubu-led Federal Government last week suspended some taxes that the real sector had complained was bleeding businesses to bankruptcy,...

June 14, (THEWILL) - The federal government generated N709.59 billion as Value Added Tax (VAT) in the first quarter of 2023, National Bureau of Statistics (NBS) on Tuesday. The bureau disclosed this in its “Sectoral Distribution of Value Added Tax”...