Legit.ng on MSN16d
At last, Lawmakers okay Tax Reform Bills, modify VAT sections
The lawmakers considered the recommendations clause-by-clause, after the committee chairman James Falake moved the motion. Two sections were altered.
allAfrica.com on MSN15d
Tax reform bills: Reps adopt 7.5% VAT, reject increase to 15%
The House of Representatives has retained Value Added Tax, VAT, at 7.5 per cent and rejected a staggered increase to 15 per ...
Hosted on MSN4mon
Who gains in Nigeria’s proposed VAT sharing formula?
state, and local governments, have been made public. Under current law, VAT is allocated in a 15 percent, 50 percent, and 35 percent split Read More ...
Vanguard20d
You will pay 15% VAT: 20 key provisions of the Nigeria Tax Bill, 2024
Increment in VAT: Value Added Tax (VAT) will increase from 7.5% to 10% by 2025, 12.5% from 2026 to 2029, and 15% from 2030 onwards ... Revenue Sharing Formula: A new revenue sharing formula ...
The Punch Newspapers15d
Tax reform: Reps approve new VAT sharing formula for states
Local governments will receive 35% of VAT revenue under a similar formula. Additionally, the timeline for issuing Taxpayer Identification Numbers has been extended from two to five working days to ...