Nigeria VAT increase

Nigeria – VAT Increase

The Nigerian government has proposed a potential increase in their VAT rate to 10%, double the current VAT rate of 5%. Due to the recent oil price crashes Nigeria, one of the biggest exporters of crude oil, has face significant financial losses, if the price of oil continues to fall the government will introduce the VAT rate change in order to help cover the losses. However no decision is to be made until the oil price stabilises and Nigeria can further assess its position.

Laura Stockley
Follow Us

Laura Stockley

Consultant at eBiz Answers Ltd
Laura graduated from University with a degree in Business Studies, and has been working as an Oracle eBTax consultant for several years now, with both R12 eBTax and Fusion (Oracle Cloud) Tax. Focussing primarily on the tax module and its components, Laura also works on the other financial modules and understands how they integrate with the tax engine. Laura has worked on projects with multiple clients covering all aspects of the tax module including AP, AR and GL, working on everything from design, configuration, testing to support. An excellent communicator, Laura enjoys interacting with end users and relishes the challenge of resolving their issues; making tax an enjoyable experience, always.
Laura Stockley
Follow Us

Latest posts by Laura Stockley (see all)