The controversy surrounding payment of Value Added Tax (VAT) has again been pronounced as revenue from the scheme dropped by N40.67 billion in the month of April. The development was disclosed during the May meeting of Federation Account Allocation Committee (FAAC) meeting where the three tiers of government shared a total sum of N656.60 billion for the month of April.
Source: New Telegraph
Latest Posts in "Nigeria"
- Nigeria SONCAP: Bureau Veritas Authorization Extended Until August 2026
- Nigeria Pressed to Fast-Track Digital VAT Reforms for Stronger West African Revenue Growth
- Nigeria’s VAT Reform Creates Divide Between Digital and Traditional Healthcare Services
- Nigeria’s E-Invoicing Rollout: Impact on Cross-Border VAT and Global Tax Compliance Trends
- Nigeria Overhauls VAT Rules: Expanded Deductions, New Exemptions, Fossil Fuel Surcharge, Stricter Compliance
