Nigeria's VAT Increases From 5% to 7%

8 months ago by: Daniel Bosai
(m) at 11-09-2019 07:44PM (8 months ago)

(18665 | Hero)

The federal executive council (FEC) has approved an increase in value added tax (VAT) rate from 5% to 7%. Zainab Ahmed, minister of finance, budget and national planning, disclosed this to state house correspondents at the end of the meeting on Wednesday.

kacylee (f) at 11-09-2019 08:05PM
(26946 | Addicted Hero)

ha!!!! this govt is just out to enrich their pocket at the expense of the masses Cry

kingcalors (m) at 11-09-2019 08:43PM
(1501 | Gistmaniac)

This is a broad day light robbery. How can you increase vat from 5% to 7% when so many companies are yet to pay the 5% ? Any way, I dont blame them. After all when the head has a problem what will happen to the body?
maizaxx (m) at 12-09-2019 06:01AM
(1111 | Gistmaniac)

Please Ms Zainab. His 2% increase isn't acceptable by me or Nigerians. If you are looking for revenue drive increasing tax ain't the right thing.
Create an enabling environment for business to thrive and revenue will definitely increase.
kp45 (m) at 12-09-2019 06:38AM
(10393 | Hero)

Criminals fighting corruption.
dopygenius (m) at 12-09-2019 09:15AM
(3161 | Gistmaniac)

Omg This people are totally heartless and mean.
ignis99 (m) at 12-09-2019 09:26AM
(2843 | Gistmaniac)

Up APC the next level = increase Tax ..increase hardship ...increase lawlessness ....increase corruption...APC forever joor  Cheesy Cheesy
james987 (m) at 12-09-2019 09:35AM
(8656 | Hero)

They were sleeping when they voted buhari. These people have done everything bad that pdp never thought of doing to Nigeria. Hope the predictions of many comes to pass,APC should be flushed into the public toilet.