NIGERIA'S finance minister Zainab Ahmed has announced plans to enter into an out-of-court settlement with Nigeria's 36 states over the vexed issue of value added tax (Vat) that is currently turning into a fierce legal battle.
In a recent landmark judgment, a federal high court in Rivers State, ruled that it was...
PAN-Yoruba socio-cultural group Afenifere has insisted that Nigeria must be restructured before the next general elections gold in 2023 if the federal government is serious about addressing the plethora of socio-economic woes afflicting the nation.
Since President Muhammadu Buhari assumed office in 2015, calls for the...
NIGERIA'S ongoing divisive ethnic spat took a turn for the worse yesterday after the Northern States Governors’ Forum (NSGF) issued a communique at the end of their emergency meeting in Kaduna condemning recent steps taken by the southern counterparts.
Over recent weeks, the NSGF and the Southern Governors Forum (SGF) have...
MEMBERS of Nigeria's Northern State Governors’ Forum (NSGF) are meeting in Kaduna today to debate the vexed issue of value added tax (VAT) that has become a hot potato over the last week as southern states have won the legal right to localise it.
Up until now, VAT has been paid into the federal coffers but in August, a...
MEMBERS of Nigeria's House of Representatives have begun debating a bill that will transfer the collection of value added tax (VAT) from the federal government to the 36 states of the federation.
Up until now, VAT has been paid into the federal coffers but in August, a high court issued an order restraining Nigeria's Federal...
Ayo Akinfe
As from October 1 2021 all value added tax (VAT) will be collected by state finance commissioners
As from October 1 2021, the Federal Inland Revenue Service will no longer have anything to do with VAT
Everyone of Nigeria's 36 states and the Federal Capital Territory will establish a State Inland Revenue Service for...
NIGERIA'S ongoing value added tax (Vat) debate took a further twist today after Nigeria's Court of Appeal decided to keep the Federal Inland Revenue Services (Firs) as the recipient of all monies pending the determination of all legal issues on the matter.
Over the last month, Nigeria has been caught up in a complex debate...
GOVERNOR Babajide Sanwoolu is soon to be presented with a formal bill domesticating value added tax (Vat) after the Lagos State House of Assembly passed legislation vesting the power to collect the tax in the state government.
Up until now, Vat has been paid into the federal coffers but last month, a high court issued an...
Ayo Akinfe
First of all the Federal Inland Revenue Service (Firs) should set an income tax revenue target of $50bn by 2030
New Firs boss Muhammad Nami, should forward proposals to the National Assembly introducing a regime whereby no public official will receive more than four times the national minimum wage
Our National...
GOMBE State government has appealed to governors of Nigeria's 17 southern states to reconsider their recent decision to make Value Added Tax (VAT) a state source of revenue as they need to be their brother's keeper.
Up until now, VAT has been paid into the federal coffers but last month, a high court issued an order...
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