VAT news tagged as "Oil"


Nigeria plans VAT rate rise to 10%

August 10th, 2015

The Nigerian Federal Inland Revenue has confirmed plans to double the Nigerian VAT rate from 5% to 10% this year. The rise is seen as necessary to cope with the fall in world oil prices, which have fallen by over 100% to below¬†$50 per barrel in the last 14 months. The rise is seen as …