Posts Tagged ‘VAT’

CBN: Nigeria earned N1.17tn from VAT in 2019

by Seun Adeuyion February 11, 2020
Between January and December 2019, the Federal Government generated the sum of N1.17tn from Value Added Tax. When compared to the target of N1.7tn set by the Federal Government in the 2019 budget, the amount represents a shortfall of about N530bn. A breakdown of the N1.17tn VAT revenue, as contained in the Central Bank of […]

Telcos hike calls, data charges as Regime begins 7.5% VAT

by Ikokwu Ikembaon February 5, 2020
Telecoms subscribers have started paying more for calls and data services as the Regime, commenced the implementation of the 7.5 per cent VAT February 01, 2020. The new VAT was increased from five per cent. Chairman and Head of Operations, respectively of the umbrella body of telecommunication operators, Association of Licensed Telecommunications Operators of Nigeria, […]

Nigeria’s New VAT Increase. (How Does This Affect Me?)

by Breaking Timeson September 17, 2019
    In a situation whereby the government wants to control the flow of money in the economy; when there is a need to increase or reduce the money supply, there are specific policies it can use to achieve this purpose. These policies are known as Fiscal Policies.     Fiscal policies refer to the use of […]