Monthly Archives: February 2020

Nigerians Reaction to the 7.5% increase in VAT

ing attempts to increase the revenues accruing to the government, the Federal Executive Council approved plans geared towards the increase in Value Added Tax (VAT) from 5% to 7.5% thus represent a 50% increase in VAT which has been active since 1994. This decision by the Federal Government was taken during the Federal Executive Council meeting held on Wednesday at

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