Value Added Tax (VAT)

South-West contributed N3.11trn — received N849.7bn from VAT pool in 2024

The six Southwestern states in Nigeria collectively contributed N3.11 trillion to the country’s Value Added Tax (VAT) pool in 2024…

3 months ago

South-East contributed N101.09bn — received N341.45bn from VAT pool in 2024

The five Southeastern states in Nigeria collectively contributed N101.09 billion to the country’s Value Added Tax (VAT) pool in 2024…

3 months ago

FULL LIST: Lagos generates N2.75trn — 54% of states’ contributions to VAT pool in 2024

Lagos State led other Nigerian states in Value Added Tax (VAT) revenue in 2024, generating a remarkable N2.75 trillion, which…

3 months ago

Tax reform bills: VAT increase fundamentally unfair to the poor – Afenifere

The pan-Yoruba socio-political group, Afenifere, has voiced its strong opposition to any increase in Value Added Tax (VAT) or other…

3 months ago

VAT sharing: Why Lagos is the biggest loser in tax reform efforts — Oyedele

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has identified Lagos State as the…

4 months ago

Tax reform bills: VAT funds won’t be diverted, mismanaged, Oyedele assures

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has reassured Nigerians that the funds…

5 months ago

Tax reform bills: Framework to check abuse of VAT spending in place — Presidency

The Presidency on Wednesday reassured Nigerians that spending from Value Added Tax (VAT) proceeds would be prioritised such that governments…

5 months ago

Southern states contribute N387.06bn to VAT pool — allocated N149.09bn in August 2024

The Federal Inland Revenue Service (FIRS) has revealed that Value Added Tax (VAT) revenue generated in the southern states of…

5 months ago

ICYMI: 10 Northern states contribute N13.69bn to VAT pool — allocated N59.17bn in August 2024

Nigeria’s proposed tax reform bill, introduced by the Presidential Committee on Fiscal and Tax Reform chaired by Taiwo Oyedele, has…

5 months ago

FULL LIST: VAT generated in Lagos more than 35 other states, FCT combined in August 2024

The Federal Inland Revenue Service (FIRS) has disclosed that Value Added Tax (VAT) revenue generated in Lagos State alone in…

5 months ago

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