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Finance Minister and Coordinating Minister of the Economy, Wale Edun, has dismissed rumours of an imminent increase in the Value-Added Tax (VAT) rate from 7.5% to...
Court rules: FIRS can collect VAT from Lagos hotel owners …VAT is a consumption tax payable when goods are purchased and services are rendered. EDITOR’S PICK:...
The communique confirmed that from the total distributable revenue of ₦675.946 billion… EKO HOT BLOG reports that the Federation Accounts Allocation Committee (FAAC) has shared a...
A Federal High Court in Port Harcourt had in a ruling delivered in August granted the Rivers State government the right to collect VAT EKO HOT...
According to the attorney-general, states that are recognised by the Constitution to collect VAT… The Court of Appeal sitting in Abuja has granted a request by...
Other grounds upon which the application was based include that the decision of the appellate court will affect the collection of VAT by the government of...
There has been a dispute between the Federal and state governments in the South on the collection and remittance of VAT… Governors of the 19 northern...
The communique indicated that total revenue distributable for the month included gross statutory revenue of ₦477.504 billion, VAT of ₦166.228 billion The Federation Accounts Allocation Committee...
House Of Reps has passed a bill enabling states to collect VAT in Nigeria. Ekohotblog reports that law to enable states’ to collect Value...
The war between Federal government and States rages on as FG sets plan in motion to drag rights with states. The administration of the President Muhammadu...