The 36 states of the federation are set to receive an estimated N5.07tn as their share of Value Added Tax in 2026, following the commencement of a new VAT sharing formula introduced under the National ...
The National Board of Revenue (NBR) registered 131,000 new value-added tax (VAT) payers in December through a special nationwide campaign aimed at expanding the VAT net and strengthening domestic ...
To broaden VAT coverage, the government has amended the existing VAT law, making VAT registration mandatory for businesses with an annual turnover exceeding Tk50 lakh, instead of the previous ...