In 2020, VAT was increased from 5 percent to 7.5 percent by the federal government. It…
Tag: VAT
Reps reject motion to suspend 7.5% VAT
The House of Representatives has rejected a motion seeking to suspend implementation of the 7.5%…
VAT now 7.5% as Buhari signs 2019 Finance Bill into law
President Muhammadu Buhari on Monday signed the 2019 Finance Bill, which increased the rate of…
Reps approves VAT hike to 7.5%
The House of Representatives has approved the request by President Muhammadu Buhari to increase value…
VAT increase to take effect from January 2
the Minister of Finance, Zainab Ahmed, has said that the new finance bill, which recommends…
Senate passes bill to increase VAT to 7.5%
The Nigerian Senate has passed the Finance Bill. The bill, which was presented to the National Assembly by…
Do you support government’s plan to increase VAT to 7.5%?
At 5 percent, Nigeria has one of the lowest VAT rates in Africa. However, I am…
7.2% VAT will render new minimum wage useless – NECA
The Nigeria Employers’ Consultative Association (NECA) has said the implementation of the 7.2 per cent Value…