Petrol subsidy spend equals 48% of 2021 tax income
Between January and September this year, the Federal Government of Nigeria collected N2.81 trillion in taxes but spent over N1.004 trillion, equivalent to 48 percent of taxes collected, on…
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VAT
Ugwuanyi presents N186.6 billion 2022 budget proposal
Enugu State Governor, Ifeanyi Ugwuanyi has presented to the State House of Assembly, the 2022 Budget estimate of N186,635,135, 770.00 for consideration and passage.
Presenting the budget…
Nigeria’s VAT revenue hits N1.5trillion in 9 month
Revenues generated from collection of Value Added Tax (VAT) totalled N1.509 trillion in the first Nine months of 2021, representing an increase from N1.176 trillion recorded in the same…
Collection of VAT by states may worsen ease of doing business – Experts
Some tax experts say decentralising Value Added Tax (VAT) collection could add complexity to tax administration and negatively impact the ease of doing business in Nigeria.
Africa’s…
South-South governors ready to join VAT case in Supreme Court
Governors of South - South States of Nigeria who met in Port Harcourt, Rivers State, Monday, have resolved to join the suit currently before the Supreme Court of Nigeria over collection of…