Business Senate approves increase of VAT from 5% to 7.5% – BellaNaija

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On Thursday, the Senate passed the Finance Bill aimed at amending the seven Acts of the National Assembly relating to taxes payable in the country.

According to Punch, the bill clearly seeks an increase of value-added tax from 5 per cent to 7.5 per cent, increment in the Companies Income …

senate vat.JPG

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