• FG Exempt Education, food, sanitary pad, other from VAT

    FG Exempt Education, food, sanitary pad, other from VAT0

    The Presidency on Sunday disclosed that some basic daily needs were exempted from the Value Added Tax (VAT) to allay fears on the likely impact of the new VAT on low-income persons. The Presidency also highlighted the benefits of the Finance Act 2019 for Nigerians and businesses in lower and middle levels of the economy.

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  • VAT Increase Effective From February 1, FG tells Ngerians

    VAT Increase Effective From February 1, FG tells Ngerians0

    The Federal Government has said that the increase in Value Added Tax (VAT) from 5 to 7.5 percent will take effect from February 1, 2020. This was disclosed by the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed on Thursday, during the inauguration of the Chairman and Board members of the Federal Inland

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