By Aluta News 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 2022 Report released in Abuja on Wednesday. The report shows a growth rate of 11.51 per centContinue Reading
By Aluta News Nov. 9, 2022 The Federal Inland Revenue Service (FIRS) on Wednesday urged the Tax Appeal Tribunal sitting in Abuja not to accept an appellate’s witness as expert in tax transaction. At the resumed hearing, FIRS through its counsel, Mr Daniel Onukun, submitted that the appellant’s witness, MrContinue Reading
By Aluta News June 17, 2022 The National Bureau of Statistics (NBS) says that on the aggregate, Value Added Tax (VAT) collection stood at N588.59 billion in the first quarter of 2022. It stated on Friday in Abuja that the collections recorded a growth of 4.41 per cent on aContinue Reading
By Aluta News Jan. 10, 2022 The Federal Government is yet to implement the payment of Value Added Tax (VAT) on imported Liquefied Petroleum Gas (LPG), the News Agency of Nigeria (NAN) reports. LPG, also known as cooking gas marketers confirmed the development to NAN on Monday in Lagos whileContinue Reading
By Aluta News Sept 19, 2021 The Organised Private Sector of Nigeria (OPSN) on Sunday in Lagos called on the Federal Government to urgently make a pronouncement on the on-going controversy over VAT payment. This, it said, would enable businesses to know what to do. OPSN chairman, Mr Taiwo Adeniyi,Continue Reading
By Aluta News Sept 16, 2021 Governors from the south of Nigeria have expressed their support for the collection of Value Added Tax (VAT) by state governments. Gov. Rotimi Akeredolu of Ondo disclosed this while reading a communique at the end of a meeting of the governors on Thursday inContinue Reading
By Aluta News Sept 10, 2021 The Court of Appeal, Abuja Division, on Friday ordered the Rivers Government, the Federal Inland Revenue Service (FIRS) and the Attorney-General of the Federation to maintain status quo, pending the hearing and determination of applications before it in respect of the Valued Added TaxContinue Reading
By Aluta News Sept 10, 2021 Gov. Samuel Ortom of Benue has said he will embrace the constitutional provisions concerning the Value Added Tax (VAT) whether they affect his State positively or negatively. Ortom made this known in an interview with newsmen on Friday in Makurdi. He commended the RiversContinue Reading
By Aluta News Aug 11, 2021 The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), has appealed to the Federal Government to reconsider the imposition of Value Added Tax on imported LPG in the country. Mr Bassey Essien, Executive Secretary, NALPGAM, made the appeal in an interview with the NewsContinue Reading
