tax policy

  1. VAT Rate Remains at 7.5%, Finance Minister Assures Nigerians

    Nigeria VAT Rate Remains at 7.5%, Finance Minister Assures Nigerians

    Wale Edun, Nigeria's Minister of Finance, confirmed that the Value-Added Tax (VAT) rate remains at 7.5%, contrary to rumors of an increase to 10%. He emphasized the government's commitment to fostering economic growth and reducing poverty through supportive fiscal policies and tax regulations...
  2. Dangote Reveals Tax Burden:Nigerian Government Takes 52% Tax on Every Naira Profit

    Nigeria Dangote Reveals Tax Burden:Nigerian Government Takes 52% Tax on Every Naira Profit

    Africa's richest man, Aliko Dangote, reveals Federal Government takes 52% tax on every N1 profit, citing challenges for entrepreneurs. He advocates for policy consistency and applauds positive steps like the Petroleum Industry Act. Africa's wealthiest individual, Aliko Dangote, unveils a...
  3. Nigerians Fume as  FG Considers VAT Hike Amid Economic Hardship

    Nigeria Nigerians Fume as FG Considers VAT Hike Amid Economic Hardship

    The presidential committee advocates for a VAT rate hike, proposing adjustments in revenue-sharing. Taiwo Oyedele highlights plans to reduce the federal government's share to 10%, allocating 90% to states and local governments. The Nigerian Federal Government, through the presidential committee...
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    Business TUC Kicks Against Proposed 9% Tax On Calls, SMS, Others

    The Trade Union Congress of Nigeria (TUC) has kicked against federal government planned introduction of new Communication Service Tax (CST) which if passed into law, would automatically allow the federal government to place a nine per cent tax charges on all phone calls, SMS, MMS, data package...
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