- Nigerian Government plans to increase VAT revenue to ₦45 trillion by 2026
- VAT revenue projected to increase from ₦35 trillion in 2024 to ₦40 trillion in 2025 and ₦45 trillion in 2026
- Increase in VAT revenue based on gauged aggregate nominal consumption and collection efficiency
- Plans to expand VAT tax base using provisions of Finance Acts
- VAT estimations based on holding the rate at 7.5%
- Government executing measures to expand non-oil revenue base and improve tax administration
- Medium-term non-oil revenue predictions based on improvement efforts to fund FGN budget
Source: africataxreview.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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