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VAT fetches N312bn in three months
Nigeria » LagosThe Federal Government generated N311.94bn between April and June; statistics provided by the National Bureau of Statistics have shown. In the first quarter of the year, January to March, the country generated N289.04bn through VAT. NBS revealed that N269.79bn was generated in Q2 2018 representing 7.92 per cent increase Quarter-on-Quarter and 16.95 per cent increase Year-on-Year.Read more: https://innerkonsult.com/vat-fetches-n312bn-in-three-months/Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com
date: 12 Sep 2019 - 12 Sep 2020
FIRS sets date for start of online transaction VAT
Nigeria » LagosThe Federal Inland Revenue Service (FIRS) says it will begin to impose Value Added Tax (VAT) on online transactions, both domestic and international, from January 2020. The chairman of FIRS, Tunde Fowler, disclosed this at the African Tax Administration Forum (ATAF) Technical Workshop on VAT on Monday in Abuja.Read more: https://innerkonsult.com/firs-sets-date-for-start-of-online-transaction-vat/Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com