Daily Graphic

2 Months after revised VAT: COVID-19 still on invoices - Flat rate also lingers - GRA tells consumers to insist paying only 20%

Many consumers and households have still not realised the full benefits of the Value Added Tax (VAT) reform, which took effect from January 1, 2026, because many businesses have not fully complied ...
International Monetary Fund

Efficiency Aspects of the Value Added Tax

This paper examines the efficiency of the Value Added Tax (VAT), focusing on its role as a revenue-raising tool and its use to achieve non-revenue objectives. The analysis highlights the VAT's ...
The Punch

Tax law: VAT hits record N1tn as new sharing era begins

Nigeria's VAT earnings reached a record N1.08tn in January under a new VAT sharing formula, altering revenue splits for ...
Tyler Morning Telegraph

Could East Texas lawmaker’s value-added tax replace property taxes? Here’s what tax policy experts say

Kristy Waller with Skinner’s Grocery and Market picks a customer’s order before making a home delivery in February 2019. Opponents of a value-added tax say it could negatively impact lower-income ...
Ripples Nigeria

NRS clarifies VAT on banking fees, denies new tax introduction

The Nigeria Revenue Service (NRS) has dismissed reports suggesting that Value Added Tax (VAT) was newly introduced on banking ...
The Business Standard

Govt cuts VAT on LP gas to keep it affordable for consumers

The government has partially reduced value-added tax (VAT) on liquefied petroleum (LP) gas, aiming to stabilise prices of the essential fuel used in households and industry while keeping it affordable ...
ABS-CBN on MSN

What's the difference between excise tax and VAT - and why we pay both

Marikina 2nd District Rep. Miro Quimbo, chairperson of the committee on ways and means, explained Friday the difference ...