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

The House of Representatives has approved a new VAT sharing formula, allocating 55 percent to states and 35 percent to LG councils.

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 ...

The European Public Prosecutor’s Office (EPPO) reported a surge in VAT fraud investigations across the EU, with over 2,600 ...

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

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.

South Africa's budget faces opposition as political parties debate a crucial increase in value-added tax. Finance Minister ...

Most big parliamentary parties rejected Finance Minister Enoch Godongwana's revised budget on Wednesday, despite it scaling ...