Tuesday, September 21, 2021

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The Difference Between Sales Tax and VAT

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VAT is technically different from a sales tax - even though they are both consumption taxes.  It would have been easier for states to charge...

Manufacturers See Unhealthy Business Environment in VAT War

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Following the ongoing fight between the Federal Inland Revenue Service, FIRS, and some states over right to collect Value Added Tax, VAT, the Manufacturers...

States Collection of VAT May Lead to Multiple Taxes – Analysts

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Analysts and Managing Director, APT Securities and Funds Limited, Mallam Garba Kurfi, has indicated that multiple taxation in the country might worsen if the...