FIRS eyes N5trn from VAT – The Sun Nigeria sunnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunnewsonline.com Daily Mail and Mail on Sunday newspapers.
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.
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.
Nigeria's VAT increased in 2020 despite COVID-19 challenges — ECOWAS tax experts zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.