Finance Adviser Dr Salehuddin Ahmed has said that paying extra VAT is better than giving money under the table. He said: “We ...

VAT at 5% be wary of its significance would be good advice. How many people have any idea what your current VAT at 10% is? Any idea? Probably no. At 5%…food items ...

China began to pilot VAT collection in selected regions and industries from the late 1970s, gradually expanding the scope of its collection before levying it nationwide after May 2016. Despite ...

These changes in the middle of the fiscal year are unexpected and unwanted as the economy faces significant challenges.

The recent decision of the interim government to expand the VAT net and hike VAT rates at the behest of the International ...

The recent VAT hike has created a dual rate system that presents liabilities to both entrepreneurs and consumers, pointing to a need for accountability on the part of the public in understanding ...

Additionally, a portion of TIN holders has become inactive or deceased, further skewing the statistics. Efforts to encourage ...

The Government’s tardiness in repaying Value Added Tax (VAT) to companies isn’t only bad for those businesses. It also undermines the country’s economy.

Amid much controversies about the VAT reforms, a report has shown that federal MDAs generated over N7 billion VAT, mostly ...