Tag Archives: Federal Inland Revenue Services

High Court Ruling: Federal & State Govts Battle Over VAT Collection Right

  VAT has been a major contributor to the consolidated revenue fund. In 2020, for example, total VAT collection was about N1.53tn, with import VAT being N348bn while foreign non-import VAT was N420bn and local VAT amounted to N763bn. PEGASUS REPORTER, LAGOS | SEPTEMBER  5, 2021 The governments of Lagos and Rivers states have expressed their readiness to begin the ...

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