Nigerians to pay 5% Value Added Tax on online purchases
By Guardian Exclusive
03 August 2019 |
7:17 am
Nigerians may soon start paying a five per cent Value Added Tax whenever they make purchases online as the FIRS believes the VAT rate in Nigeria is the lowest in the world and there is a need to get additional taxes from other sources.
In this article
Related
March 23, 2023
Related
21 Jan
Ressa had pleaded not guilty in the case. She became the first Filipino to win a Nobel Prize in 2021.
1 Feb
We take a look at why only 11.3 percent of voters turned out in Tunisia's second round of parliamentary elections. We then discuss a tax scandal in the UK that’s hurting the ruling Conservative Party. We also see how the Australian and Serbian press are covering Novak Djokovic's historic win at the Australian Open. Finally, an opinion writer for The New York Times argues that the French are – and are not – lazy.
23 Mar
Find these stories and much more when you grab a copy of The Guardian on Wednesday.
25 Mar
The alcohol sector is lobbying against potential tax hikes in Vietnam, while the government's ear is being bent. But at what cost to public health?
30 Mar
French and German prosecutors and investigators conducted searches in and around the French capital. Financial prosecutors say the raid focused on dividend stripping.
30 Mar
French financial prosecutors on Tuesday raided several of France's biggest banks, including Société Générale and BNP Paribas, as part of a multicountry investigation into what authorities say is one of Europe's biggest tax thefts.
2 Apr
US lawmakers say the embattled bank Credit Suisse has violated the terms of a plea deal, related to tax evasion. A two-year investigation suggests the lender has continued to conceal the bank accounts of wealthy Americans. Meanwhile, UBS has brought back former CEO Sergio Ermotti to lead its takeover of Credit Suisse.
1 Apr
Find these stories and much more when you grab a copy of The Guardian on Saturday.
30 Apr
Since Russia invaded Ukraine, governments have spent much more on defense and weapons. That is good news for the defense industry. But windfall taxes are not on the agenda.
16 Jun
Kenyan police fired tear gas at hundreds of people protesting near parliament on Tuesday against a proposed finance bill that would hike taxes on fuel and housing.
9 Jul
Police used teargas to disperse protests in the Nairobi and Mombasa. Kenyan opposition have called for the protests to condemn new taxes amid a severe cost-of-living crisis.
12 Jul
A man is shot dead as opposition-led protests turn violent in Kenya, all in response to President William Ruto's new nationwide tax hikes. We also head to the Tunisian town of Sfax, where conditions are worsening and help is absent as migrants and locals clash amidst accusations of racism. Finally, there's a new crime plaguing the streets of South Africa, where kidnapping numbers have soared in a country already gripped by a security crisis.
Latest
2 hours ago
The commissioner for eastern Germany, Carsten Schneider, has praised the economic upswing in the former East in a DW interview. But a new report on reunification has highlighted divisions that still remain.
3 hours ago
It's not every day that both the Kremlin and its fiercest critics unite in outrage at the European Union. But that's precisely what happened recently, after the EU banned Russian citizens from bringing their personal vehicles into the bloc. And it wasn't just about cars. The Moscow Times reported that the ban appeared to include goods ranging from smartphones and laptops, to everyday necessities like toothpaste and toilet paper.
3 hours ago
A majority of Germans want fewer refugees to be accepted into the country. That is according to the latest Deutschlandtrend survey, which also shows that dissatisfaction with the government remains high.
3 hours ago
Sweden's Prime Minister Ulf Kristersson said he will meet the national army and police chiefs on Friday to combat a surge in gang violence, as the country reels from record shooting deaths this month.
4 hours ago
Inflation in the eurozone fell to an almost two-year low. The news increases pressure on monetary policymakers to halt their recent string of painful interest rate hikes in the common currency area.
4 hours ago
Since the February 2021 coup in Myanmar, the Christian Chin ethnic minority has taken up arms to defend its land, identity and ideals against the all-powerful ruling junta in the Buddhist-majority country. Our team reports.