The Nigeria Governors’ Forum has reiterated its strong support for the comprehensive reform of Nigeria’s outdated tax laws and approved a revised Value Added Tax distribution formula ...

Nigerian governors have expressed their support for the tax reform bills initiated by the federal government, proposing a new sharing formula for value-added tax, VAT. This is coming after meeting ...

In a statement on Thursday, the group proposed an “equitable” sharing formula for value-added tax (VAT). The development was an outcome of a meeting between the NGF and the presidential tax ...

In the communique signed by the NGF Chairman and Governor of Kwara State, Abdulrahman Abdulrazaq, the forum proposed an equitable sharing formula for Value-Added Tax. The governors said the ...

The governors have resolved that there should be no increase in the VAT rate or reduction in Corporate Income Tax (CIT) at this time in order to maintain economic stability. Also, they have called ...

The Nigeria Governors’ Forum (NGF) has endorsed a revised Value Added Tax (VAT) sharing formula, which it believes will ensure equitable distribution of Nigeria’s resources. The details were disclosed ...

The Nigerian Governors’ Forum (NGF) has rejected the move to increase Value Added Tax (VAT) from 7.5% to 10%. The forum made this known in a communiqué released after its meeting in Abuja on Thursday, ...

Nigerian governors have thrown their weight behind the Federal Government’s tax reform bills. But they are proposing a new sharing formula for value-added tax (VAT). The decision followed a ...

The measure would be based on a new European Union directive on value-added tax for digital platforms, he said. Spanish hotels now pay a reduced 10 per cent VAT rate, which is included in the bill.

Such a strategy could be expanded by introducing VAT on products and services that are currently exempt. The dangers of this are well proven, however. “The ‘pasty tax’ debacle in 2012 ...

The policy means private schools must pay a 20 per cent VAT tax on their fees with the knock-on consequence that less popular subjects such as Latin are being removed from the curriculum to save ...

The first decision, which raised taxes on more than a hundred products, is highly concerning for the general public. The current high level of inflation has already placed significant financial ...