# “Currently, agricultural products and seeds imported by local farmers are subjected to a 10 percent VAT rate at the border, whereas the final produce sold locally [will soon be] subject to only 5 ...

With limited options available, the government has placed reliance on increased VAT to raise additional revenue.

Understand how the VAT increase affects your grocery shopping and discover which essential items remain exempt.

The House of Representatives has retained Value Added Tax, VAT, at 7.5 per cent and rejected a staggered increase to 15 per cent by 2030 as proposed in the Tax Reform Bills being debated at the ...

Issue e-commerce tax withholding certificates to Sellers annually and submit data to tax authorities. The tax withholding certificate must contain detailed transaction information, including the ...

In his second term as US president,Donald Trump wants to put "the American worker first"  and has imposed tariffs of 25% on EU imports. Member countries of the European Union, and countries ...

A WAR of words has ensued between the major parties in the coalition government of South Africa, with the emotive issue of tax increases this time fuelling the fallout. The differences are the latest ...

Nigerian lawmakers rejected changes to consumption and company taxes that were proposed by President Bola Tinubu, dealing a ...

Nigeria's parliament passed tax reform bills, aiming to improve revenue collection and streamline tax laws. However, key proposals like VAT increase and revenue allocation were modified. The bills ...

The House of Representatives has adopted the report of its Finance Committee on the Four Tax Reform Bills. This followed ...

Nigeria's lower house of parliament passed four tax reform bills proposed by President Bola Tinubu on Thursday, marking ...

The House of Representatives on Thursday adopted President Bola Tinubu’s four tax reform bills after a detailed clause-by-clause review.