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Farooq

Posts Tagged "vat"

HomePosts Tagged "vat"

Ifeanyi Onuba, Abuja The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said that 55 per cent of the revenue generated by the Federal Government from Value Added Tax receipts was being collected from Lagos State. Adeosun, according to an online publication, TheCable, said this during a meeting with members of the Progressive Governors’ Forum […]

The Federal Government on Tuesday finally released the Economic Recovery and Growth Plan, which raised the Value Added Tax rate on luxury items from the current five per cent to 15 per cent. Through the increase in VAT rate on luxury items, which the document stated would commence in 2018, as well as improvement in […]

The federal government plans to raise the value-added tax (VAT) on luxury times — subject to the approval of the national assembly. Briefing the media after the federal executive council meeting on Wednesday, finance minister Kemi Adeosun said the cabinet, presided over by Vice-President Yemi Osinbajo, has approved the revised national tax policy to address low […]