Understanding Value Added Tax (VAT)

The history of VAT in Nigeria is a checkered one. Initially introduced in 1993, by the federal military government of Sani Abacha; it served to replace the pre-existing sales tax…

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Every tax defaulter will be punished henceforth, FIRS blows hot

The Federal Inland Revenue Service FIRS says henceforth, every tax defaulter will get the lawful treatment they deserve.   Babatunde Fowler FIRS boss while on a courtesy visit to the…

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