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

The House of Representatives has retained Value Added Tax, VAT, at 7.5 per cent and rejected a staggered increase to 15 per cent by 2030 as proposed in the Tax Reform Bills being debated at 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 ...

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

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 ...

Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax ...

THE 2025 Budget maintains fiscal consolidation while acknowledging risks. It supports economic growth through increased infrastructure investment and manages spending pressures with a phased VAT rise ...