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FIRS eyes N5trn from VAT – The Sun Nigeria

FIRS eyes N5trn from VAT – The Sun Nigeria
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Abuja federal capital territoryDalhat kamalAndrew onyeanakweMatthew osanekwuMassimo de lucaLegislation divisionPresidential committee on fiscalMinistry of fnanceDelegation of the european union to nigeriaRevenue serviceProgramme for tax transitionMonetary unionEuropean unionFrom okwe obiFederal inland revenue serviceValue added tax

FIRS Targets N5trn Revenue From VAT As EU Bemoans Tax Evasion

There is ongoing discussion with the Presidential Fiscal Tax Reform Committee to align with the ECOWAS directive,”Osanekwu said.

Abuja federal capital territoryAndrew onyeanakweMassimo de lucaMatthew osanekwuEuropean unionDelegation of the european union to nigeriaLegislation divisionPresidential fiscal tax reform committeeMonetary unionRevenue servicePresidential committee on fiscalProgramme for tax transitionFederal inland revenue serviceValue added taxSupport programmeTax transition

FIRS wants N5 trillion in VAT revenue amid EU concerns about tax fraud in Nigeria – Opinion Nigeria

The announcement coincided with the celebration of the successes of the Support Programme for Tax Transition in West Africa (PATF), an initiative funded by the European Union designed to fortify domestic tax administration and foster improved cooperation within the Economic Community of West African States (ECOWAS) and the West African Economic and Monetary Union (WAEMU) regions.

Abuja federal capital territoryAndrew onyeanakweMatthew osanekwuDalhat kamalMassimo de lucaEconomic community of west african statesProgramme for tax transitionEuropean unionDelegation of the european union to nigeriaPresidential committee on fiscalMonetary unionLegislation divisionRevenue serviceFederal inland revenue serviceValue added taxSupport programme

FG eyes N5trn VAT in 2024

The chairman, represented by an official of the agency, Mr Matthew Osanekwe said the VAT has been on the increase since 2019 quoting N1.9trn, N1.5trn, N2.5trn, N2.3trn and 3.6trn in 2019, 2020, 2021, 2022 and 2023 respectively.

Abuja federal capital territoryMassimo de lucaMatthew osanekweAndrew onyeanakweZacch adedejiRevenue serviceEuropean unionCouncil of ministersNational assemblyProgramme for tax transactionsFiscal transition programmeDevelopment of regional tax management toolsEuropean union delegation to nigeriaEconomic community of west africaUnited nations development programmeFederal inland revenue service

Nigeria s VAT increased in 2020 despite COVID-19 challenges — ECOWAS tax experts

Nigeria s VAT increased in 2020 despite COVID-19 challenges — ECOWAS tax experts
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Gbenga falanaAndrew onyeanakweCustoms unionTinubu senateProgramme for tax transitionAfrican centre for taxSyndigate media incValue added taxFederal governmentSupport programmeTax transitionWest africaTechnical assistantExecutive directorAfrican centreTribune provided