The trend continued in March, with the imported food inflation rate climbing to 32.89 per cent, an increase of 3.08 per cent ...

In order to remove the ambiguity brought along by the General Sales Tax, the Value Added Tax or VAT was brought into existence. It was a levy that was collected from the producers of certain goods and ...

The National Board of Revenue, NBR, has waived the value-added tax (VAT) imposed on both crude and refined soybean ...

RECENTLY, in yet another publicised palliative move following the removal of subsidy on petrol, the Federal Government ...

Due to increased tax collection and import relaxation Revenue from taxes on external trade increased by 29.0 percent to Rs. 302.5 billion in the first eight months of 2024 from the same period in 2023 ...

DHAKA, Oct 17, 2024 (BSS) – The government has reduced the value-added tax (VAT) on imports of crude and refined soybean oil, ...

The revenue distribution was announced at the October 2024 meeting of the Federation Accounts Allocation Committee (FAAC), in Abuja.

The Local government councils’ allocations for September 2024 were paid into the states/LGs Joint accounts by the Federation ...

The Value Added Tax or VAT is essentially a levy or charge that had been implemented by the Central Government of India. Of lately, with the Modi Government coming into power, all direct taxes have ...

James Emejo in Abuja The new tax reforms currently being proposed by the federal government seeks to eliminate levies for the ...