value added tax

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), yesterday eulogised the Federal Government for the removal of Value Added Tax (VAT) on Liquified Petroleum Gas (LPG). NALPGAM President, Mr Nosa Ogieva-Okunbor in a statement said that the Federal Government had signed...

The sum of N298.01 billion was realised as Value Added Tax (VAT) in the fourth quarter of 2018 as against N273.50 billon generated in Q3 2018 and N266.73 billion in Q2 2018, data sourced from the National Bureau of Statistics (NBS) revealed. The figure represents 8.96 … Read more via...

Expectedly, last week’s announcement by the Minister of Finance, Mrs. Zainab Ahmed, that the Federal Government was mulling an increase in Value Added Tax (VAT), as part of an initiative to generate more revenues to finance national development, has sparked concern among stakeholders, writes...