HOUSE OF REPS APPROVES VAT INCREASE

Written by on December 2, 2019

THE HOUSE OF REPRESENTATIVES HAS APPROVED THE REQUEST BY PRESIDENT MUHAMMADU BUHARI TO INCREASE VALUE ADDED TAX (VAT) FROM 5 PERCENT TO 7.5 PERCENT.

THE LOWER LEGISLATIVE CHAMBER APPROVED THE REQUEST DURING  PLENARY SESSION. BUHARI SENT THE FINANCE BILL IN OCTOBER.


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