tax reforms

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    NEW VAT RATE TO BE CARRIED OUT IN PHASES – PANEL

    NEW VAT RATE TO BE CARRIED OUT IN PHASES – PANEL The Chairman of the Presidential Tax and Fiscal Policy Reforms Committee, Taiwo Oyedele, announced that the proposed increase in the Value Added Tax (VAT) rate from 7.5% to 10% will be implemented gradually. Speaking at a public consultation in...
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    FG Proposes Tax Reduction from 52 to 10 and Renames FIRS to Nigeria Revenue Service

    With the aim of enhancing business facilitation, promoting transparency, and streamlining revenue collection, the Federal government has proposed a plan to decrease the existing 52 taxes to just 10. Alongside this, there is a proposal to rebrand the Federal Inland Revenue Service (FIRS) as the...
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