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News from VAT

Stay current with all the latest and breaking news about VAT, compare headlines and perspectives between news sources on stories happening today. In total, 266 stories have been published about VAT which Ground News has aggregated in the past 3 months.

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Arabinrin Aderonke: Tax Reform Bill - Zacch Adedeji, the man of steel

Bola Tinubu · Nigeria

Arabinrin Aderonke: Tax Reform Bill - Zacch Adedeji, the man of steel

67% Left coverage: 3 sources

There is a popular song I love that says, “He has done it finally, finally, finally…” Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service, and his team are experiencing the song’s power. On January 16, 2025, the Nigeria Governors’ Forum (NGF) issued a communique backing the Tax Reform Bills, which is nothing short of huge. This, however, did not occur overnight. It results from months of strategic conversations, debates, …See the Story

TUC calls for review of items in tax reform bills, opposes VAT hike

Taxes · Nigeria

TUC calls for review of items in tax reform bills, opposes VAT hike

Coverage: 2 sources

The Trade Union Congress of Nigeria, TUC, has called for review of some items in the tax reform bills for the benefit of Nigerians. TUC President, Festus Osifo made the call in a statement on Tuesday following the organization’s National Executive Council meeting. “The threshold for tax exemptions should be increased from the current N800,000 per annum, as proposed in the bill, to N2,500,000 per annum. “This will provide relief to struggling Nig…See the Story

The parties want to change VAT rates after the election. Not meant to be a tool of social policy, warns economist

The parties want to change VAT rates after the election. Not meant to be a tool of social policy, warns economist

Individual parties are promising different adjustments to the value added tax (VAT) ahead of the election. For example, TOP 09 proposes to unify the VAT rate into a single one, which has support even in the ODS, which nevertheless speaks of the fact that it does not seem to find sufficient political support. Other entities are talking about reducing VAT, for example on basic food and housing expenses. XTB Chief Economist Pavel Peterka told Echo2…See the Story

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