VAT in Nigeria is now officially 7.5 percent from 5 percent.
The Finance Act, 2019, signed by the president and effective on 13 January 2020, included the VAT rate change. However, the Finance Minister previously announced that the effective date for enforcement of the VAT rate...
Many practitioners have applauded a number of amendments to the VAT Act, especially those focused at providing reliefs to taxpayers in some sectors of the economy. However, the amendments may have further compounded the...
Martins Arogie and Kelechi Inyama of KPMG consider potential solutions to increasing government revenues by improving tax collection in Nigeria.
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