VAT remains 7.5% in Nigeria – Finance Minister, Edun …C0NTINUE READING HERE >>>
Nigeria’s Minister of Finance, Wale Edun, on Monday, dismissed reports making the rounds that the rate for Value-Added Tax, VAT, has been adjusted to 10 percent from 7.5 percent.
Edun made this clarification in a statement he signed on Monday, affirming that the VAT rate as contained in relevant tax laws and chargeable on goods and services remains at 7.5 percent.
According to him, the focus of the government is to introduce policies that will improve the lives of Nigerians not…
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