VAT remains 7.5% in Nigeria - Finance Minister, Edun
21 Articles
21 Articles
VAT remains 7.5%, no plans to make it 10%, says Edun - Nigeria News Update
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
VAT remains 7.5% - Finance minister - Daily Trust
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday, dismissed reports making the rounds that the Value-Added Tax (VAT) rate has been increased from 7.5 per cent to 10 per cent. Edun, in a statement personally signed by him, clarified that the VAT rate remains unchanged at 7.5 per cent, as stipulated in the nation’s tax laws. He explained the importance of maintaining a balanced tax system, emphasising that Nigeria…
VAT remains 7.5% in Nigeria - Finance Minister, Edun
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…
FG denies plans to raise VAT amid economic concerns
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, …
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