Industrialists, experts react to planned VAT hike
Industrialists and experts have opposed the idea of increase in the rate of Value Added Tax in Nigeria.
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Med-View CEO urges implementation of VAT waiver for airlines – Daily TrustThe Managing Director/CEO of Med-View Airline Plc, Alhaji Muneer Bankole, has called on the Federal Government and its relevant agencies to fast-track the implementation of the exemption granted domestic airlines from payment of Value Added Tax (VAT). Daily Trust reports that the Federal Executive Council (FEC) had issued an executive order nine months ago to …
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FIRS to Nigerians: Be ready for VAT increase – Daily TrustThe Federal Inland Revenue Service (FIRS), on Tuesday, urged Nigerians to brace for an increase in Value Added Tax (VAT) by between 35 and 50 per cent in 2019. This will raise the VAT from the current five per cent to between 6.75 and 7.25 per cent.ADVERTISEMENT The Chairman of FIRS, Mr Babatunde Fowler, dropped …
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Minimum wage: FG mulls 50 percent hike in VAT, others - Daily Post NigeriaThe Federal Government, Tuesday, said it was considering 50% increase in Value Added Tax (VAT) to be able to pay the new national minimum wage currently be
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Nigeria to increase VAT to pay new minimum wage - Premium Times NigeriaThe government plans between 35 per cent and 50 per cent raise, a possibility that will affect business costs.
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FG mulls 50% hike in VAT, others to pay minimum wage
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Govt mulls VAT increase - The Nation NigeriaNIGERIANS were yesterday told to brace for a possible increase in the Value Added Tax (VAT).VAT, now five per cent, is undergoing
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FG may increase VAT to pay new minimum wage – Budget minister
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FG Considering Upward Review of VAT to Fund National Minimum Wage - THISDAYLIVEBy Deji Elumoye in Abuja The federal government has made known its intention to upwardly review the Value Added Tax (VAT) as a means of funding the national minimum wage. The Budget and National Planning Minister, Senator Udo Udoma, made this disclosure on Tuesday while appearing before the Senate Committee on Finance headed by Senator …
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Nigerian Govt May Increase VAT To Fund New Minimum Wage | Sahara ReportersNigerian Govt May Increase VAT To Fund New Minimum Wage | Sahara Reporters 'There may be the need to make some changes, especially the VAT, in order to fund the minimum wage once it is announced.' AsoRock minimumwage READ MORE:
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Prospects as Nigeria Grows VAT Revenue - THISDAYLIVEBusiness/EconomyPAGE The contribution of value added tax to Nigeria’s revenue base has witnessed a consistent growth in the last six years. Given the trend, taxation on goods and services consumed by Nigerians should become a major source of revenue for government to drive growth and development in the near future, writes Bamidele Famoofo Revenue There …
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