Value-Added Tax Archives

Home Posts tagged Value-Added Tax

Corporate tax revenue rises by 151% on FG’s drive

By Sundiatapost Reporter 11/09/2024

ABUJA (Sundiata Post) – Nigeria’s company income tax (CIT) rose by 151 percent in the second quarter of 2024, driven by the Federal Government’s collection drive. The latest National Bureau of Statistics (NBS) report revealed that the CIT surged by 150.83 percent to N2.47 trillion in the second quarter of 2024 from N984.61 billion in […]Continue Reading

Business

VAT remains 7.5%, says Wale Edun

By Mathew 09/09/2024

ABUJA (Sundiata Post) – Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has debunked claims that the federal government increased the rate for Value-Added Tax (VAT) from 7.5% to 10% from. The Minister, in a statement on Monday, stated that VAT rate as contained in relevant tax laws and chargeable on […]Continue Reading

Latest News

For more news updates and commentaries click below to join us on WhatsApp