VAT: What you need to know about 'proposed increase' from 5% - 7.5% - The Nation Newspaper

· Materials and equipment imported for use in downstream gas activities.

However, the increment of Value Added Tax from five per cent to 7.5 per cent have continued to spark up mixed reactions from financial analyst and Nigerians at large. Ahmed said the decision will be communicated to the National Assembly for consideration alongside the 2020 Appropriation Bill.Almost every Nigerian can attest to the fact that the cost of living is currently higher than it was in previous years.

If the Value Added Tax increased to 7.5 per cent is implemented, it is expected to generate not less than N2trillion into the government treasury in 2020. Egypt holds 14 per cent while Ghana and Botswana have 12 per cent sales tax. Somalia and Angola alongside Djibouti and Comoros all have 10 per cent sales tax rate.

Trader_Moni PwC_Nigeria NigeriaGov SECNigeria NGFSecretariat BossMustaphaSGF NGRSenate bettertaxng Just because bukolasaraki is not there again. You don't dare ask him to consider this.

MBuhari NLCHeadquarters nigerianstat cenbank SECNigeria FemAdesina BudgITng FMICNigeria NGRSenate What minimum wage bill?So you actually believed it would be implemented. That was classic political trickery. You have a bunch of sellouts,who head the NLC,under Waba,who have refused to stand by principles, and hold the Government accountable,and guarantee the workers relief.

MBuhari NLCHeadquarters nigerianstat cenbank SECNigeria FemAdesina BudgITng FMICNigeria NGRSenate I am trying to understand why those at the helm of affairs of this country assume that the citizens are FOOLISH. Get your acts right....your citizens will no longer stand for your mediocrcy failedstate shamefulleaders poorexcuseforleaders looters daylightrobbery Nigeria

MBuhari NLCHeadquarters nigerianstat cenbank SECNigeria FemAdesina BudgITng FMICNigeria NGRSenate Shame on Nigeria labour congress ....chairman ...alert don enter there account and now to speak d truth come de hard

MBuhari NLCHeadquarters nigerianstat cenbank SECNigeria FemAdesina BudgITng FMICNigeria NGRSenate See me ooo.

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