VAT to 7.2%
- BUSINESS
N254 billion in Tax Liabilities still Owed by Defaulters– FIRS
Not less than 23,141 defaulters are owing tax liabilities totaling N254 billion. This is according to the Federal Inland Revenue…
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7.2% VAT’s Anti-minimum Wage, NECA Warns FG
The Nigeria Employers’ Consultative Association (NECA) has said the implementation of the 7.2% Value Added Tax approved by the Federal Executive Council would make…
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The Implication of VAT Increment to Nigerian Economy
The Federal Executive Council has concluded plans to increase Value Added Tax (VAT) from 5% to 7.2%. This represents a…
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