Nigeria's VAT Increases From 5% to 7%

Date: 11-09-2019 7:44 pm (3 years ago) | Author: Daniel Bosai
- at 11-09-2019 07:44 PM (3 years ago)
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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.


Posted: at 11-09-2019 07:44 PM (3 years ago) | Addicted Hero
- kacylee at 11-09-2019 08:05 PM (3 years ago)
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ha!!!! this govt is just out to enrich their pocket at the expense of the masses Cry

Posted: at 11-09-2019 08:05 PM (3 years ago) | Addicted Hero
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- kingcalors at 11-09-2019 08:43 PM (3 years ago)
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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?
Posted: at 11-09-2019 08:43 PM (3 years ago) | Gistmaniac
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- maizaxx at 12-09-2019 06:01 AM (3 years ago)
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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.
Posted: at 12-09-2019 06:01 AM (3 years ago) | Gistmaniac
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- kp45 at 12-09-2019 06:38 AM (3 years ago)
Online (m)
Criminals fighting corruption.
Posted: at 12-09-2019 06:38 AM (3 years ago) | Hero
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- dopygenius at 12-09-2019 09:15 AM (3 years ago)
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Omg This people are totally heartless and mean.
Posted: at 12-09-2019 09:15 AM (3 years ago) | Gistmaniac
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- ignis99 at 12-09-2019 09:26 AM (3 years ago)
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Up APC the next level = increase Tax ..increase hardship ...increase lawlessness ....increase corruption...APC forever joor  Cheesy Cheesy
Posted: at 12-09-2019 09:26 AM (3 years ago) | Gistmaniac
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- james987 at 12-09-2019 09:35 AM (3 years ago)
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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.
Posted: at 12-09-2019 09:35 AM (3 years ago) | Hero
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