In line with its inter-agency collaboration, the Nigerian Communications Commission (NCC) has signed a Memorandum of Understanding (MoU) with the Federal Inland Revenue Service (FIRS) to ensure the tax agency ascertain accuracy and completeness of value added tax (VAT) elements and other taxes payable in the transactions of telecoms operators. With the MoU, the FIRS
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Buhari Approves 7.5% VAT Increase As He Signs Finance Bill Into Law
The Nigerian President, Muhammadu Buhari, on Monday, signed the 2020 Finance Bill into law. The Special Adviser to the President on Media and Publicity, Mr Femi Adesina, confirmed this development in a statement in Abuja. According to the presidential aide, this is sequel to its passage by the National Assembly and subsequent forwarding by the legislature
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