Governors Back Tax Reforms, Propose New VAT Formula
The Nigeria Governors’ Forum (NGF) has rejected any immediate increase in the Value Added Tax (VAT), citing potential economic pressure on businesses and households already dealing with inflation. In a communique issued after a meeting with the Presidential Tax Reform Committee in Abuja yesterday, the governors expressed support for the ongoing legislative process to modernise […]
Presidency Debunks Claims of Scrapping Key Agencies in Tax Reform
The Presidency has refuted widespread claims suggesting that the proposed tax reform bills before the National Assembly recommend the dissolution of key federal agencies. Recent debates surrounding the tax reform bills proposed by President Bola Ahmed Tinubu’s administration have generated significant misinformation, with some critics alleging that it aims to dissolve key government agencies. Additionally, […]
FG considers Zero VAT for Pharmaceutical Products
Ministry of Health and Social Welfare has finalised the Executive Order Harmonised Implementation Framework that abolishes Value Added Tax (VAT), and Excise Duties on pharmaceutical products and medical devices. Minister of State for Health and Social Welfare, Dr. Tunji Alausa, told journalists in Abuja yesterday that the development, which has been cleared for gazetting, was […]
