The Federal Government is ramping up its tax collection process with a plan to raise about N9 trillion from Value Added Tax (VAT) between 2023 and 2025.
This comes at the backdrop of an 83.4 percent jump in its VAT collections to N600.15 billion in Q2’22 from N327.2 billion in Q2’20.
Source: allafrica.com
Latest Posts in "Nigeria"
- Nigeria Introduces USD300 Duty-Free Threshold for Low-Value Imports Starting September 2025
- Nigeria Suspends 4% FOB Levy on Imports Amidst Economic Concerns and Tax Reforms
- Federal Government Insists on New Tax Reform Despite IATA’s Criticism Over International Treaty Violations
- Stakeholders Criticize New Tax Reforms as Nigerian Government Insists Airlines Must Pay VAT
- Nigeria to Enforce VAT on Non-Resident Digital Services from 2026
