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Value Added Tax Newsletter
  • Nigeria’s VAT revenue hits N6.72 trillion in 2024, surges by 84.62%  31 Jan 2025 14:54 GMT

    … rise in Nigeria’s Value Added Tax (VAT) collections, which reached … -related revenue underperformed, VAT collections surpassed internal projections … 40 of the VAT Act, VAT revenue is … NGF) endorsed a revised Value Added Tax (VAT) sharing formula, which it …

  • Halkitis: Minnis had opportunity to do what he now says on VAT 31 Jan 2025 13:22 GMT

    … administration’s plans to cut value-added tax (VAT) on food in grocery … administration soon after reduced VAT across the board to … said. “This would include VAT and customs duties.” Minnis said … government plans to amend VAT legislation during the mid-year …

  • Tolentino bill exempts electricity, internet from VAT 31 Jan 2025 10:48 GMT

    … coverage of the 12% value-added tax (VAT) will boost industries, … services from the 12% value-added tax (VAT). In filing Senate Bill … exempting internet services from VAT will help promote digital … of electric utilities from VAT. Article continues after this …

  • Alibaba Cloud becomes latest tech giant to register for VAT in Uzbekistan 31 Jan 2025 10:03 GMT

    … Limited officially registered as a value-added tax (VAT) payer for electronic services … was completed through the VAT office on tax.uz, … officially registered as a VAT payer in UzbekistanSource: Google … companies are registered as VAT payers in Uzbekistan. In …

  • Confusion over VAT on ministers’ cars 31 Jan 2025 08:34 GMT

    … on the implementation of the Value-Added Tax (VAT) on motor vehicle imports for … announced the removal of the Value Added Tax (VAT) waiver on motor vehicle imports …

  • Tolentino seeks VAT exemption on electricity, internet services 31 Jan 2025 06:31 GMT

    … aiming to remove the 12 value-added tax (VAT) on electricity and internet services … deindustrialization. Meanwhile, Tolentino said removing VAT on internet services would enhance … explicitly exempting the following from VAT: sales of electricity by generation …

  • LPG dealers slammed over high prices despite VAT removal 31 Jan 2025 03:04 GMT

    … prices despite the removal of value added tax (VAT) on the commodity. Prof … by the extent of the VAT that was being charged … prices, thus profiteering from the VAT relief, which was aimed at … announced that the removal of VAT resulted in LPG prices dropping …

  • IMF pushing for 15pc VAT on 213 goods 30 Jan 2025 21:21 GMT

    … a full 15 percent statutory VAT rate on 213 products before … Revenue this month hiked the value-added tax on nearly 100 goods and … IMF has asked for a VAT rate hike on nearly double … some products from the latest VAT hike measure, they [IMF] asked …

  • Govt removes VAT on LPG gas 30 Jan 2025 19:58 GMT

    … Live) - GOVERNMENT has removed value-added tax (VAT) on liquefied petroleum gas (LPG … by the extent of the VAT that was being charged … ”, thus profiteering from the VAT relief which was aimed at … operators after the removal of VAT. However, these prices have …

  • Reduce LPG Gas Prices Now: Mthuli Ncube Slams Retailers for “Profiteering” After VAT Removal 30 Jan 2025 19:21 GMT

    … prices after the government scrapped Value Added Tax (VAT). He accused operators of … thus profiteering from the VAT relief which was aimed … a statement. Government Scraps VAT on LPG Gas The … raising concerns that the VAT removal has only benefited …

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