Federal Government has projected ambitious plans to increase revenue accruing from Value Added Tax (VAT) from an average of N35 trillion in 2024, to N40 trillion in 2025 and N45 trillion in 2026 fiscal years, respectively.
The breakdown of the 3-year projected revenue was contained in the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), seen exclusively by Nigerian Tribune.
Source: tribuneonlineng.com
Latest Posts in "Nigeria"
- Nigeria Enforces VAT on Digital Payments to Boost Revenue and Ensure Tax Compliance
- Nigeria Mandates Pre-Clearance E-Invoicing for Large Taxpayers from November 2025
- FIRS Schedules Three-Day IT Shutdown for 2026 Tax Compliance System Upgrade in Nigeria
- Nigeria’s Tax Reform: Balancing Fiscal Fairness, Free Zones, VAT, and Capital Gains for Growth
- FIRS Urges Large Nigerian Taxpayers to Complete E-Invoicing Integration by November 2025 Deadline
