Input tax credit was upheld as the requirement of actual tax deposit by sellers was introduced only prospectively and could not be applied ...

Learn how SEPA standardizes euro bank transfers, enabling seamless, cost-effective cross-border payments across 36 European ...

Tax experts clarify that only electronic transfers incur a ₦50 stamp duty, not bank balances. New laws exempt certain ...

KPMG has urged for urgent review of new tax laws, citing inconsistencies that could undermine equity, compliance, and reform ...

The Amalgamated Union of App-Based Transporters of Nigeria (AUATON) has raised concerns over what it described as double ...

Nigeria's new VAT formula increases states' share to 55%, shifting N461.27bn to local governments and marking a pivotal ...

Nigeria's new tax reforms are here. Learn why businesses must prioritize payroll and VAT compliance to avoid hefty penalties and leverage new benefits.

Nigeria's new VAT sharing formula begins in 2026, increasing states' share to 55%. This change projects a N5.07tn revenue ...

The National Board of Revenue (NBR) has launched an online system that allows value-added tax (VAT) refunds to be credited directly to taxpayers’ bank accounts, a move officials say will reduce delays ...

The Chairman of the Chartered Institute of Taxation of Nigeria (CITN), Abuja District, Ben Enamudu, has clarified widespread ...

The National Board of Revenue (NBR) has launched an automated online VAT refund system aimed at simplifying the refund process and ending the long-standing sufferings of taxpayers.

The National Board of Revenue (NBR) has taken a long-awaited step towards digitising tax refunds, moving away from the slow, manual process that businesses have long criticised as cumbersome and ...