Nigeria's VAT Increases From 5% to 7%

Published 1 week ago by: Daniel Bosai
at 07:44 PM, 11/09/2019 (1 week ago)

(16824 | Hero) Online (m)


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.

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kacylee at 08:05 PM, 11/09/2019 (1 week ago)
(23854 | Addicted Hero) (f)

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

Reply
kingcalors at 08:43 PM, 11/09/2019 (1 week ago)
(1478 | Gistmaniac) (m)

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?
Reply
maizaxx at 06:01 AM, 12/09/2019 (1 week ago)
(1016 | Gistmaniac) (m)

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.
Reply
kp45 at 06:38 AM, 12/09/2019 (1 week ago)
(10078 | Hero) Online (m)

Criminals fighting corruption.
Reply
dopygenius at 09:15 AM, 12/09/2019 (1 week ago)
(1521 | Gistmaniac) (m)

Omg This people are totally heartless and mean.
Reply
ignis99 at 09:26 AM, 12/09/2019 (1 week ago)
(2827 | Gistmaniac) (m)

Up APC the next level = increase Tax ..increase hardship ...increase lawlessness ....increase corruption...APC forever joor  Cheesy Cheesy
Reply
james987 at 09:35 AM, 12/09/2019 (1 week ago)
(8447 | Hero) (m)

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.
Reply

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