VAT

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VAT Remains 7.5% – FG

THEWILL. -
September 09, (THEWILL) – The Federal Government says the rate for Value-Added Tax (VAT) as contained in relevant tax laws and chargeable on goods and services has not been adjusted to 10% and remains at 7.5%. This is coming amid...
Business

FG Okays 100% VAT Waiver On CNG, LPG

THEWILL. -
December 31, (THEWILL) - The Federal government has approved a 100% per cent Value Added Tax (VAT) waiver on Feed Gas for all processed, Compressed Natural Gas (CNG) and imported liquified petroleum gas, with immediate effect. The VAT-free waiver also...
Business

Anxiety As Customs Begins Implementation Of VAT On Diesel

Sam Diala, THEWILL -
August 30 (THEWILL) - Concerns have been raised among businesses and households over the introduction of value-added tax (VAT) by the Nigeria Customs Service (NCS).on imported automobile gas oil (AGO) popularly called diesel. The NCS made this known in a...
Business

VAT For Q4 2022 Stood At N697.38bn — NBS

Aina Ojonugwa, THEWILL -
March 08, (THEWILL) - The National Bureau of Statistics (NBS) has said aggregate Value Added Tax (VAT) stood at N697.38 billion in Q4 2022. This shows a growth rate of 11.51 per cent on a quarter-on-quarter basis from N625.39...
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Latest News

BusinessOgochukwu Onwaeze, THEWILL -

UBA Seeks Jail Term for WEMPCO Directors Over ₦61.45bn Debt

United Bank for Africa (UBA) Plc has asked the Federal High Court to commit nine individuals linked to Western Metal Products Company (WEMPCO) to prison over alleged disobedience of a court order in a dispute involving ₦61.45bn in outstanding debt.
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