Minister Denies Report On VAT Increase, Says 7.5% Remains …C0NTINUE READING HERE >>>
Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Monday, debunked reports going the rounds that the rate for Value-Added Tax (VAT) has been upwardly adjusted to 10 percent from 7.5 percent.
The minister, in a statement he personally signed, affirmed that the VAT rate as contained in relevant tax laws and chargeable on goods and services remains 7.5 percent.
“The current VAT rate is 7.5 percent and this is what the government is charging on a spectrum of…
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