FG suspends VAT from airfares, aviation services Business Hilights Jan 8, 2021 After more than three years of credible agitation by industry stakeholders, the Federal Government has again suspended the…
Investors’ attracted by effectiveness of revenue-to-debt service ratio—StanChart Business Hilights Feb 11, 2020 Chief Economist, Africa and Middle East for Standard Chartered Bank Group, Razia Khan has given insights on what draws credible…
VAT on electricity contradicts FG’s claim on no effect on poor Nigerians Business Hilights Jan 31, 2020 The trending claims of the Federal Government that the rise in Value Added Tax (VAT) from hitherto 5% to 7.5% would not affect the…
Finance Bill: ‘When you raise tax rate, compliance will go down’—PwC Business Hilights Jan 15, 2020 Leading tax expert and partner on taxation with PricewaterhouseCoopers (PwC), Mr Taiwo Oyedele has raised an issue of urgent…
True federalism, restructuring beckon as low revenue forces FG to tax riot Business Hilights Oct 7, 2019 A trend that will force the Federal Government to listen to the yearnings of Nigerian leaders’ of thought in true federalism and…
Another look at planned VAT increase in Nigeria: pluses, minuses Business Hilights Sep 24, 2019 The federal government has proposed an increase in Value Added Tax (VAT), from the current 5% to 7.2%. The increment is linked to…
Analysts raise issue that must be resolved ahead of new VAT regime in 2020 Business Hilights Sep 16, 2019 Whereas after long speculation surrounding the Value Added Tax (VAT) hike, the Federal Executive Council (FEC) last week approved…
Too much money from agro export in the 70s, oil boom killed tax regime—Fowler Business Hilights Jul 11, 2019 …Gives reasons why VAT may be hiked sooner in Nigeria The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr.…
Nigerian air travellers’ demand equivalent drop in fares as VAT remittances end Business Hilights Jul 2, 2018 Considering the retaining of ticket rates upon official end to 5% Value Added Tax (VAT), several Nigerian air travellers are…
Local airlines begin suspension of VAT remittances today over unfair tax regime Business Hilights Jun 14, 2018 To press home their grievances over what they observed as existing discriminatory tax regimes between foreign and local airlines…