Presidential committee considers increasing VAT rate

The Presidential Committee on Fiscal Policy and Tax Reforms has recommended an increase in the value-added tax (VAT) rate. Nigeria’s current VAT rate sits at 7.5%. The chairman of the committee, Taiwo Oyedele, made the recommendation during a policy session of the committee on Monday. Oyedele proposed a revision to the current VAT revenue-sharing formula […]

The post Presidential committee considers increasing VAT rate appeared first on The Guardian Nigeria News – Nigeria and World News.

Check Also

I didn’t walk out on journalists—Umahi

The Minister of Works, Sen. David Umahi, has denied snubbing newsmen who honoured his ministry’s …

Leave a Reply

Your email address will not be published. Required fields are marked *