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 i…

allAfrica

South Africa

Nigeria: Finance Minister Reacts to Atiku's Claims On VAT

Finance minister Wale Edun says claims by Atiku and other critics on VAT are false.

Media Bias/Fact Check

Amadou Mahtar Ba

Daily Post Nigeria

Independent business

Nigeria

VAT remains 7.5% in Nigeria - Finance Minister, Edun

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has refuted reports suggesting an increase in the Value-Added Tax rate from 7.5 per cent to 10 per cent.

Punch Newspapers

VAT rate remains 7.5%, says FG

The FIRS, which operates under the Federal Ministry of Finance, is responsible for tax collection on behalf of the Nigerian government and ensures compliance with relevant tax laws. The Federal Government has debunked widespread reports suggesting an imminent increase in the Value-Added Tax (VAT) from 7.5% to 10%. Finance Minister and Coordinating Minister of the Economy, Mr Wale Edun, categorically denied these claims in a statement on Monday, …

Pulse Nigeria

FG denies plans to raise VAT amid economic concerns

Finance minister Wale Edun says claims by Atiku and other critics on VAT are false. The post UPDATED: Finance Minister reacts to Atiku’s claims on VAT appeared first on Premium Times Nigeria.

Premium Times Nigeria

Abuja

Municipal Area Coun

Federal Capital Territory

UPDATED: Finance Minister reacts to Atiku's claims on VAT

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Monday, debunked reports going the rounds that the rate for Value-Added Tax (VAT) has been upwardly adjusted to 10 percent from 7.5 percent. The minister, in a statement he personally signed, affirmed that the VAT rate as contained in relevant tax laws and chargeable on goods and services remains 7.5 percent. “The current VAT rate is 7.5 percent and this is what the g…

Leadership

Sam Nda-Isaiah

Minister Denies Report On VAT Increase, Says 7.5% Remains

Wale Edun, Nigeria’s minister of finance and coordinating minister of the economy has refuted claims that the government reviewed the read more VAT remains 7.5%, no plans to make it 10%, says Edun

Businessday NG

Lagos

VAT remains 7.5%, no plans to make it 10%, says Edun - Nigeria News Update

The Human Rights Writers Association of Nigeria (HURIWA) has alleged that the Federal Government is aligning with directives from foreign entities such as the International Monetary Fund (IMF) and World Bank, labelling the development as making Nigerians "worse off."The post 10% VAT Hike: Human Rights Group accuses Nigeria of following worse off IMF directives appeared first on Nairametrics.

Latest Nigerian News

10% VAT Hike: Human Rights Group accuses Nigeria of following worse off IMF directives

The federal government has dismissed any possible increase in Nigeria’s Value-Added Tax (VAT) from 7.5 per cent to 10 per cent. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, denied the claims in a statement he issued on Monday. Edun said any attempt to raise VAT would impact Nigeria’s fiscal stability. According to him, the issue of VAT raise is still a recommendation. He said, “The current VAT rate is 7.5 per …

The Whistler Nigeria

VAT Not Raised To 10% Says Finance Minister, Edun

Nigeria's Finance Minister, Wale Edun, has dismissed reports of a Value-Added Tax (VAT) rate increase from 7.5% to 10%. In a statement, Edun affirmed that the VAT rate remains 7.5% as stipulated in tax laws and applicable to various goods and services.

VAT remains 7.5% in Nigeria - Finance Minister, Edun

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