Browsing Tag

Value-Added Tax

FAAC: FG, States, LGCs share N656.602bn revenue

Marvellous Gbadegesin May 26, 2022

The Federation Account Allocation Committee (FAAC) has shared a total sum of N656.602 billion as April 2022 Federation Account Revenue to the federal government, states and local government councils. This was contained in a communiqué…
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Saudi Arabia Increases Value-Added Tax To 15% To Counter COVID-19 Losses

Biola Adebayo May 11, 2020

Saudi Arabia will increase its value-added tax (VAT) from five to 15 per cent in July, the Finance Ministry said on Monday, as part of moves to support the economy amid the novel Coronavirus pandemic. The kingdom, starting in June, would…
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