Business Nigeria: RMAFC Wants FG to Increase VAT by 50%

L

LequteMan

Guest
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has called on the federal government to increase Value Added Tax (VAT) by 50%, Daily Trust.

This will see VAT on all consumer goods increase from the current 5% to 7.5%.

This action will help government generate more revenue, Chairman of RMAFC, Mr Shettima Gana said yesterday at a two-day National Revenue Retreat in Kano.

The disclosure is coming on the heels of experts warning against increase in VAT and other forms of taxes at the prevailing economic situation.
 

Attachments

  • buhari thinks2.png
    buhari thinks2.png
    211.1 KB · Views: 16
Back
Top