Presidential Tax Committee Pushes For 10% VAT

Presidential Tax Committee Pushes For 10% VAT …C0NTINUE READING HERE >>>

Consumers of goods and services are in for more challenging times in the coming days as the Presidential Fiscal Policy and Tax Reforms Committee, chaired by Taiwo Oyedele, has announced plans to propose a law to the National Assembly that would increase the Value Added Tax (VAT) rate from the current 7.5 per cent to 10 per cent.

Oyedele revealed that the committee is also working on consolidating the multiple taxes in Nigeria to streamline the tax system and ultimately reduce the tax…

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