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Monday, 13th July, 2020
 Nigeria   ::   News
House approves VAT increase bill
Nov 13, 2019
By: Abara Bleesing Oluchi

The House of Representative on Wednesday passed for second reading a bill seeking to increase the Value Added Tax (VAT) in the country from 5 percent to 7.5 percent.

The bill is also seeking to amend the Company Income Tax Act, Customs and Excise Consolidation Act, Stamp Duties Act, Petroleum Profit Tax among others was sent to the House by President Muhammadu Buhari recently.

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