Nigeria

Businesses undecided over FG, states’ tango on VAT

06 September 2021

17 views

1 min read

• FIRS banks on stay of execution order ahead Appeal Court ruling

• States now custodians of collection until subsisting order is reversed, say analysts
• Lagos IGR to grow by N400b yearly with new VAT law, annual revenue may exceed N1tr
• Consumption has huge cost borne by states, says Owoh

Source: guardian.ng

Tax authorities / Penalties / Interest