FG To Increase VAT From 5 to 7.2 Percent

 

The Federal Government has said that consultations will begin at all levels on the review of the Value Added Tax, (VAT) from 5 per cent to 7.2 per cent, just as it is ready to begin deductions to recover bailout funds given to states.

This was disclosed by the Minister of Finance Zainab Ahmed, on Wednesday who spoke with State House correspondents after the maiden Federal Executive Council…

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