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TUC kicks against VAT hike,...

TUC kicks against VAT hike, warns of...

How Tinubu, governors struck deal...

How Tinubu, governors struck deal on tax...

TUC kicks against VAT hike, warns of more hardship

TUC kicks against VAT hike, warns of more hardship Story by Dajen Comfort Yakubu  The Trade Union Congress of Nigeria (TUC) has strongly opposed the proposed increase in the Value Added Tax (VAT) rate under the Federal Government’s Tax Reform Bills, warning that the hike would worsen the financial struggles faced by Nigerians. The government aims to gradually raise VAT from 7.5% to 10%, then 12.5%, and eventually 15%. The TUC, however, argues that such a move would exacerbate inflation, unemployment, and the escalating cost of living. Speaking at a press briefing in...

FG exempts gas...

FG exempts gas generators, CNG/LPG dual fuel vehicles, 61 others from VAT (Full List) The Federal Government has announced the exemption of 63 items from...

FG lifts VAT...

FG lifts VAT charges on diesel, cooking gas, others The Federal Government has announced the provision of new tax reliefs for deep offshore oil and...

VAT, fuel price...

VAT, fuel price hikes will deepen Nigeria’s cost-of-living crisis - Atiku warns Former Vice President Atiku Abubakar has strongly criticized the federal government's decision to...

Presidential Tax C’mtee...

Presidential Tax C’mtee plans to increase VAT from 7.5% to 10% The Chairman of Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has revealed...

Tinubu suspends import...

Tinubu suspends import duties, VAT on medical supplies President Bola Tinubu has issued an executive order to halt import duties and value-added tax (VAT) on...

Nigerian government establishes...

Nigerian government establishes 7 CNG centres, waives VAT on purchases The Presidential Compressed Natural Gas (CNG) Initiative Steering Committee has revealed that seven CNG conversion...

Diesel prices set...

The Nigeria Customs Service (NCS) has announced the commencement of Value-Added Tax (VAT) implementation on Automobile Gas Oil (AGO), commonly known as diesel, for imports into the country.

Suppliers to pay...

Suppliers to pay VAT on imported diesel, gas - FIRS The Federal Inland Revenue Service (FIRS) has issued a letter to diesel suppliers in Nigeria,...

Facebook demands 7.5...

Social media giant, Facebook now Meta will from January 1, 2022 include a 7.5 percent Value Added Tax (VAT) on adverts placed by Nigerians...
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