…Companies Income Tax (CIT) and Value Added Tax (VAT) increased reasonably EKO HOT BLOG reports that the Federation Accounts Allocation Committee (FAAC) has shared a total of ₦699.824 billion to the Federal Government, states, and local government areas. The amount is the allocation for December 2021. This was contained in a communique issued at the … Read more
Obasa has revealed the amount of VAT generated annually in Lagos State. EKOHOTBLOG reports that the Speaker of the Lagos State House of Assembly, Mudashiru Obasa, on Wednesday, disclosed that Lagos State generates an excess of N500 billion in Value Added Tax (VAT) form annually. Meanwhile, the State Attorney-General and Commissioner for Justice, Mr Moyosere … Read more
The Open-Grazing ban and VAT bills have passed second second reading at the Lagos Assembly. EKOHOTBLOG reports that the bill on Open-Grazing ban and the Lagos Value Added Tax (VAT) bill have on Monday passed second reading at the Lagos State House of Assembly. The Assembly, EKOHOTBLOG reports, committed the bill on Open-Grazing ban to the … Read more
Concerns have grown as Lagos and Rivers States commenced the collection of Value Added Tax. EKOHOTBLOG reports that the governments of Lagos and Rivers States have declared their readiness to commence the collection of Value Added Tax (VAT) in accordance with the judgment of a Federal High Court sitting in Port Harcourt, which ruled that … Read more