VAT Archives -

FG removes import duty, VAT on CNG, LPG equipment

NewsDesk4 days ago4 days ago03 mins

The Federal Government has announced the removal and implementation of zero import duty and Value Added Tax (VAT) on all machinery, equipment and spare parts imported for gas utilisation in the country. The exemption also includes equipment for Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG). Other items under the zero-rated VAT include feed…

FAAC shares N1,088trn to FG, States, LGCs as revenue for November

Ibn Usman Abubakar1 year ago1 year ago02 mins

The Federation Account Allocation Committee (FAAC) has shared the sum of N1,088.783 trillion naira to the three tiers of government as Federation Allocation for the month of November.The amount was derived from a gross total of N1.62 trillion naira. The breakdown of the allocation shows that the Federal Government received N402.867 billion, the States received N351.697…

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Yusuf An-Nuphawy

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VAT

FG removes import duty, VAT on CNG, LPG equipment

FAAC shares N1,088trn to FG, States, LGCs as revenue for November