Value Added Tax Archives - KOKOMANSION MEDIA

Nigeria generates N311.94 billion from VAT in 2019 Q2

August 28, 2019August 28, 2019Ayo OlowoLeave a Comment

The Federal Government of Nigeiran has generated the sum of N311.94 billion from Value Added Tax (VAT) in the second quarter of 2019. The National Bureau of Statistics (NBS) disclosed this in a report titled ‘Sectoral Distribution Of Value Added Tax (Q2 2019)’ published on Tuesday. In the report, the figure generated in the Q2 […]

Nigeria rakes in N797bn VAT revenue in 10 months

November 1, 2017News AgencyLeave a Comment

The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said about N797.51 billion revenue generated from Value Added Tax (VAT) between January and October was transferred into the Federation Account. Adeosun released details of the 2017 VAT collection in a statement by her Special Media Adviser, Mr Oluyinka Akintunde in Abuja, She said that the […]

FG to increase VAT on luxury items; including champagne

February 2, 2017Ayo OlowoLeave a Comment

The federal government is set to take a proposal to raise the value-added tax (VAT) on luxury items to the national assembly. The minister of finance, Kemi Adeosun stated this while briefing the media after the federal executive council meeting on Wednesday, saying that the cabinet, presided over by Vice-President Yemi Osinbajo, has approved the revised […]