VAT – EllaNews

Tax reform bills propose new sharing formula, cede 55% to States

November 29, 2024 by EllaNews

Private jet, windfall tax and new capital base for banks - By Etim Etim

Tax reform bills propose new sharing formula, cede 55% to States …C0NTINUE READING HERE >>> The Senate on Thursday resumed its debate on the Tax Reform Bills. The bills are a set of four legislative proposals to increase Value-Added Tax (VAT) distributable to the sub national governments to 55 per cent while reducing the federal … Read more

Federal Government Removes 63 Items From VAT [Full Lists]

October 4, 2024 by EllaNews

Federal Government Removes 63 Items From VAT [Full Lists] …C0NTINUE READING HERE >>> The Federal Government has exempted 63 items from VAT. Newsone Nigeria reports that the Federal Government led by President Bola Tinubu has exempted 63 items from value-added tax (VAT). The 63 items exempted from VAT, according to a post on X by Taiwo Oyedele, … Read more