Tag Archives: VAT

There are growing concerns by housing professionals on the possibility of fresh housing crisis in the country should the proposed Value Added Tax (VAT) by the federal government be implemented in 2020. Although government has stated that the process of increasing the VAT rate would involve extensive consultations with state governments and local government authorities, and others in the public ...

The federal executive council has approved two executive orders and five amendment bills to remove value-added tax on residential properties and amend the company income tax law. While briefing state house correspondents on Wednesday, Kemi Adeosun, the minister of finance, said the amendments will reduce the tax burden on Nigeria and boost ease of doing business. Reports show that the ...

According to The Nation, Vice President Yemi Osinbajo will today open the third International Conference on Tax in Africa (ICTA) in Abuja. The ICTA’s flagship conference of the African Tax Administration Forum (ATAF), with the theme: “Building Strong Domestic Tax Regimes in Africa: Strengthening VAT, PIT and CIT” will end on Friday. The conference will also celebrate and recognise the ...

“The 3rd International Conference on Tax in Africa (ICTA) planned for later this month in Abuja Nigeria, will be opened by His Excellency The Vice President of Nigeria, Professor Yemi Osinbajo.”- BizNis Africa The conference of the African Tax Administration Forum, has its theme as, Building Strong Domestic Tax Regimes in Africa: Strengthening VAT, PIT and CIT. The conference will also ...

Property tax (real estate tax) is charged on immovable property—land and structures that are permanently attached to the ground such as a house, building, or land. This article introduces you to the various types of Property taxes in Nigeria. Real estate tax is the same as property tax, though the latter is commonly used. Albeit the purpose of this article is not ...

The federal government plans to double its value-added tax (VAT) and cancel government projects if oil prices continue to slide. Coordinating Minister for the Economy/Minister of Finance, Dr. Ngozi Okonjo-Iweala said this in an interview with The Wall Street Journal. According to OKonjo-Iweala, the country is reviewing some 6,000 ongoing projects to see which will be kept, delayed, or scrapped. ...