Nigeria’s Value Added Tax (VAT) reached a record high of N2 trillion in the second quarter of 2025, marking a significant surge of 32.15% year-on-year compared to the […]
Nigeria Generates Over ₦600 Billion in VAT from Foreign Digital Services
Nigeria’s digital economy has yielded significant revenue as the nation generated over ₦600 billion in Value Added Tax (VAT) from foreign companies like Facebook, Amazon, and Netflix. This […]
Bolt Appeals Tax Ruling by FIRS, Seeking Recalibration of VAT on Services
E-mobility company Bolt has challenged a Lagos Court of Appeal ruling that authorized the Federal Inland Revenue Service (FIRS) to collect Value Added Tax (VAT) on its drivers […]
Russia Plans VAT on Mining Equipment Rentals to Overseas Firms
The Russian Ministry of Finance is proposing a value-added tax (VAT) on businesses that rent mining equipment or data centers to overseas firms and mining pools. This new […]