Daily Post Nigeria

Only luxury services attract VAT, not everyday essentials – Ahmad

A senior lecturer at Hussaini Adamu Polytechnic, Kazaure, Dr. Tijjani Ahmad, has said that Value Added Tax (VAT) in Nigeria ...
The Business Standard

Online VAT refunds pose new hurdles for businesses, with Tk1,500cr in claims stuck

When the NBR introduced the online VAT refund module, it said businesses would be able to apply digitally and receive reimbursements directly into their bank accounts with ease, drawing praise for the ...
The Tribune

‘Governing in the dark’ over food VAT removal

# The Opposition’s finance spokesman yesterday sparked a full-blown House of Assembly row when accused the Davis administration of “governing in the dark” by failing to publicly disclose the data ...
The Punch

VAT applies only to bank service charges, not transfers — NRS

The Nigeria Revenue Service clarifies that the 7.5% VAT on bank charges applies only to service fees, not the total amount of ...
Ghana News Agency (GNA) on MSN

Higher VAT threshold to ease burden on small businesses – GRA

By Laudia Anyorkor NunooTema, Jan. 24, GNA – The Ghana Revenue Authority (GRA) has announced an increase in the Value Added ...
Ghana News Agency (GNA) on MSN

VAT Reforms to lower prices, boost compliance – GRA

By Laudia Anyorkor NunooTema, Jan. 24, GNA — The Ghana Revenue Authority (GRA) has said that comprehensive reforms to the Value Added Tax (VAT) regime are expected to lower prices, improve compliance, ...
Legit.ng on MSN

NRS reveals what actually happens when Nigerians make bank transfers

Nigerians express panic over new VAT claims on bank transfers, but NRS clarifies that existing VAT applies only to service ...

7.5% VAT on transfer, Stamp Duty charge - Wetin be dis bank charges wey dey cause tok for Nigeria?

Many Nigerians dey complain as dia banks send dem notice say dem go charge dem 7.5% on top bank transfers. But dis na new ...
Tax Guru

Section 68 Additions Rejected as Loan Repayment and Cash Sales Explained

The Tribunal upheld deletion of additions where loan repayments were sourced from stock sales and fresh loans. It ruled that without rejecting books or disproving records, section 68 cannot be ...
Ghana News Agency (GNA) on MSN

VAT reforms key to closing Ghana’s 60% compliance gap – GRA Official

By Laudia Anyorkor NunooTema, Jan. 24, GNA – Ghana is losing nearly 60 per cent of its potential Value Added Tax (VAT) revenue due to inefficiencies, Mr Thomas T. K. Agorsor, Head of the Domestic Tax ...