vat increase
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Nigeria FG Eyes VAT Hike to 10% as Part of Major Tax Reforms
The Nigerian government plans to increase value-added tax (VAT) from 7.5% to 10%, as revealed by Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee. The proposal aims to enhance tax revenue while concurrently reducing personal income tax for low earners and... -
Nigeria Nigerians Fume as FG Considers VAT Hike Amid Economic Hardship
The presidential committee advocates for a VAT rate hike, proposing adjustments in revenue-sharing. Taiwo Oyedele highlights plans to reduce the federal government's share to 10%, allocating 90% to states and local governments. The Nigerian Federal Government, through the presidential committee...
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