As Christians we are taught that if all else fails, we should try praise and worship! When prayer fails, try praise and worship! When fasting fails, try praise and worship! When vigil fails, try praise and worship! When giving, offering, first fruit, tithe and seed offering fail, try praise and worship! In other words, praise and worship appear as the …

Amid the ongoing controversy surrounding the proposed tax reform bills by the current administration, the Federal Government and 21 out of the 36 states in the federation have projected a combined Value Added Tax (VAT) revenue of N2.5 trillion for 2025 in their respective budget estimates. This projection excludes additional funds that may accrue from the implementation of the contentious …

The Nigeria Customs Service (NCS) has announced the removal of Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG) also known as cooking gas, and the Compressed Natural Gas (CNG). It also announced zero per cent import duty for the products. Its National Public Relations Officer, Mr. Abdullahi Maiwada broke the news in a press statement. The statement said: “In …

In a gripping but evergreen musical rendition of a Yoruba folklore, late Fuji music lord, Ayinde Barrister, once deployed the canvas of the forest to paint the inequality of the world. In his Fuji New Waves album, he also depicted the acrimonies that follow the sharing of jointly hunted games. What the anecdote tells us is that, if we listen …

The Chairman of the Presidential Tax and Fiscal Policy Reforms Committee, Taiwo Oyedele, has said the proposed plan to increase the Value Added tax rate from 7.5 per cent to 10 per cent will be implemented in phases. This was as he revealed that empirical data had confirmed that less than 10 per cent of affluent Nigerians fulfil their obligation …

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele has said that reports he is proposing an increase in Value Added Tax (VAT) rate have been quoted out of context. At a policy exposure and impact assessment session, organised by the committee on Wednesday, Oyedele had said: “We need to adjust the VAT rate …

Value Added Tax (VAT) will be increased from the present 7.5 per cent, if the Federal Government accepts the position of the Presidential Committee on Fiscal Policy and Tax Reforms. At a policy exposure and impact assessment session, organised by the committee on Wednesday, its chairman, Mr. Taiwo Oyedele said: “We need to adjust the VAT rate upward. We would …

The National Association of Telecommunications Subscribers (NATCOMS) has filed a suit at the Federal High Court (Lagos division) challenging the implementation of Value Added Tax (VAT) on telecommunications services, as taxable services. The suit, which was filed last Friday, is also challenging the imposition and implementation of excise duty charges on telecommunications services. The registered trustees of NATCOMS, led by …