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VAT

FG places pharmaceutical products, medical consumables on Zero VAT list

By Joyce Remi-BabayejuIn a bid to encourage local production of drugs in the country to relieve the health care needs of Nigerians, the...

NBS: In 3 Months, FG Earns N1.4trn From VAT, CIT

The National Bureau of Statistics (NBS) has disclosed that the federal government generated N1.435trn from Value Added Tax (VAT) and Company Income Tax (CIT)...

FG Earned N2.81trn from VAT, CIT in Nine Months

The federal government generated over N2.81 trillion from both Value Added Tax (VAT) and Company Income Tax (CIT) in the first three quarters of...

MultiChoice heads to court as tribunal strikes out appeal over $342m VAT Dispute

The tax appeal tribunal (TAT) has struck out an appeal instituted by MultiChoice Africa B.V Holdings where it challenged the assessment of the Federal...

VAT Dispute: South-South States To Join Suit At Appeal Court, Say Governors

Governors of the South-South have resolved that states in the region should join the suit filed by the Federal Inland Revenue Service (FIRS) challenging the...

Adamawa, Kaduna, Plateau States Move to Join FIRS in VAT Collection Tussle Suit

Indications emerged over the weekend that Adamawa, Kaduna and Plateau states had moved to align with the Federal Inland Revenue Service (FIRS) in its...

VAT: Appeal Court Grants Lagos’ Request To Join Case

The Court of Appeal in Abuja has granted a request by the Lagos State Government, seeking to join Rivers State in the appeal filed...

Oyo files application to join Rivers state VAT lawsuit against FIRS

Oyo state government has filed an application before a court of Appeal sitting in Port Harcourt, Rivers State, to join a lawsuit instituted by...

Our Southern Counterparts Confusing VAT With Sales Tax – Northern Governors

Northern Governors, on Monday, said the position of their Southern counterpart on Value Added Tax (VAT) shows they are confusing it with sales tax.Southern...

Continue VAT Collection in all States, Finance Minister Directs FIRS

The Minister of Finance, Budget and National Planning, Zainab Ahmed has directed the Federal Inland Revenue Service (FIRS) to continue the collection of value...

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