The Head, Communication and Servicom Department, Mr Wahab Gbadamosi, made this known in a statement in Abuja.
Gbadamosi explained that at the meeting, Fowler had called for an increase in the number of Nigerians and companies paying VAT and not a 50 per cent increase in VAT rate as reported.
Tomorrow we will hear different story from this one
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Source: TheNationNews - 🏆 6. / 69 Read more »
Chances for Adamawa supplementary election 50/50 – INEC – Daily TrustThe governorship supplementary election scheduled for 23 March may not hold in Adamawa state as the Independent National Electoral Commission (INEC) awaits court decision expected on Thursday. It must hold
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Minimum wage: FG mulls 50 percent hike in VAT, others - Daily Post NigeriaThe Federal Government, Tuesday, said it was considering 50% increase in Value Added Tax (VAT) to be able to pay the new national minimum wage currently be Nobody is talking about the effect on the large % of Nigerians that are not on government payroll.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
FIRS to Nigerians: Be ready for VAT increase – Daily TrustThe Federal Inland Revenue Service (FIRS), on Tuesday, urged Nigerians to brace for an increase in Value Added Tax (VAT) by between 35 and 50 per cent in 2019. This will raise the VAT from the current five per cent to between 6.75 and 7.25 per cent.ADVERTISEMENT The Chairman of FIRS, Mr Babatunde Fowler, dropped … How about luring investors? That will equally come with super inflation.
Source: Daily Trust - 🏆 13. / 51 Read more »
FG mulls 50% hike in VAT, others to pay minimum wageGovt should target VAT increase on selected goods. You don't increase VAT when 61% citizens live in abject poverty benmurraybruce Gidi_Traffic femigbaja Like seriously? Would this government contain the resentments of Nigerians we are pushed to the wall pls Buhari and co reap where you have sown
Source: MobilePunch - 🏆 8. / 63 Read more »
FG plans 50% increase in VAT, other taxes - Vanguard News NigeriaABUJA—Plans are underway by the Federal Government to increase Value Added Tax, VAT, by up to 50 per cent (from current 5 per cent to 7.5 per cent), a move that would stoke-up inflationary pressure in the economy. Minimum wage ? And things would be more expensive. Na wa oo That's too bad, why would they increase vat when senators and reps are collecting 15m/12m respectively without doing anything good for common men in Nigeria apart from allowances? The problem I got with nlc is that most of them r now politicians Mr integrity and co should have reduced the salaries and allowances of political office holders for this reason and many more! We have a long way to go as a country, so sad!
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Wildfire razes over 50 houses, livestock in Jigawa - Daily Post NigeriaA wildfire has razed over 50 houses, grain silos and livestock in Barebari village in Ringim local government area of Jigawa State. The inferno, which star
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FIRS arraigns firms over tax evasion, assault – Daily TrustThe Federal Inland Revenue Service (FIRS) yesterday arraigned Fortless Global Concept Limited and Everyday Wine Shop and their representatives at the Federal High Court, Abuja on alleged tax evasion, obstruction of official duty and attack on a staff of the FIRS on duty among other charges, a statement by the service said. In the Charge …
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Industrialists, experts react to planned VAT hike – Daily TrustIndustrialists and experts have opposed the idea of increase in the rate of Value Added Tax (VAT) in Nigeria. The Federal Inland Revenue Service (FIRS) yesterday said Nigerians should brace up for an increase in VAT by between 35 per cent and 50 per cent from the current 6.75 per cent and 725 per cent.ADVERTISEMENT … This government no rate us at all, so they increased minimum wage from 18k to 30k after much pressure, and increased VAT to 50% in other words minimum wage after VAT is 15k.pls govt should leave minimum wage where it was. This increase no smell nice at all
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Source: vanguardngrnews - 🏆 5. / 75 Read more »