Wale Edun, Finance Minister and Coordinating Minister of the Economy, has dismissed rumours of a planned hike in the Value-Added Tax (VAT) rate from 7.5% to 10%. In a Monday statement, Edun clarified ...

We’ve spent over two decades helping business owners understand key financial concepts, so we know how complex they can be. Even if you’ve got yourself set up with the top accounting software, areas ...

The VAT threshold is the volume of annual turnover at which businesses are required to register for value-added tax (VAT). Since April 2024, the UK VAT registration threshold has been £90,000. VAT ...

The chairman of the presidential committee on fiscal policy and tax reforms, Taiwo Oyedele, has said that reports he is proposing an increase in VAT rate have been quoted out of context. The Nation ...

The chairman of the presidential committee on fiscal policy and tax reforms, Taiwo Oyedele, has said that there is a need to raise the value-added tax (VAT) rate. He said this on Monday while ...

LONDON (Reuters) - Inflation could take an extra year to fall back to its 2 percent target if a widely expected hike in value-added tax takes place, potentially causing an earlier start to Bank of ...