A bill has been presented to the Nigerian National Assembly to impose a 15% VAT rate on luxury items. There has been reports (see below) of a rise in the standard rate of 7.5% to 10%.
Source: vatcalc.com
Latest Posts in "Nigeria"
- Nigeria Reaffirms VAT on Bank and Fintech Fees, No New Tax for Customers
- VAT Targets Luxury Services, Not Everyday Essentials, Says Dr. Ahmad
- NRS Denies New VAT on Banking Services, Clarifies Existing Tax Applies Only to Service Charges
- What You Need to Know About 7.5% VAT on Bank Charges Starting January 19
- Nigeria Revenue Service Denies New VAT on Banking Services, Clarifies Existing Tax Applies
