The Nigeria Revenue Service (NRS) has clarified that the new Tax Act did not introduce any new or additional Value Added Tax ...

Nigerians will begin paying a 7.5 per cent Value Added Tax (VAT) on selected banking services, including mobile bank ...

The Nigeria Revenue Service (NRS) has refuted narratives making round in the media suggesting the imposition of Value Added ...

The Nigeria Revenue Service clarifies that the 7.5% VAT on bank charges applies only to service fees, not the total amount of ...

The Nigeria Revenue Service, NRS, has clarified that the Value Added Tax, VAT, applied to banking services is not a new ...

The statement, signed by Dare Adekanmbi, the Special Adviser on Media to NRS Chairman Zacch Adedeji, he explained that “The Nigeria Tax Act did not introduce VAT on banking charges, nor did it impose ...

Small businesses across the country are benefiting from significant tax relief following the increase in the Value Added Tax ...

This paper examines the efficiency of the Value Added Tax (VAT), focusing on its role as a revenue-raising tool and its use to achieve non-revenue objectives. The analysis highlights the VAT's ...

The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system started. By Jenny Gross and Keith Bradsher Jenny Gross reported from London, ...