current vat rate - MARKETS
The current VAT rate of Nigeria is among the lowest in the world and well below the rates in other ECOWAS member states. She mentioned this on the third day of her four days official visit to Nigeria ... The outgoing caretaker cabinet has approved an extension of the 7% value-added tax (VAT) rate until the end of September 2026 to ease economic pressures and sustain domestic consumption, caretaker ...
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Wale Edun, Finance Minister and Coordinating Minister of the Economy, has dismissed rumours of a planned hike in the Value-Added Tax (VAT) rate from 7.5% to 10%. In a Monday statement, Edun clarified ... Naija Gist - Latest: Organisation advices Nigeria on Flexible Exchange Rate, Higher VAT The Nation Newspaper: I didn’t propose increase in VAT rate, says Taiwo Oyedele The chairman of the presidential committee on fiscal policy and tax reforms, Taiwo Oyedele, has said that reports he is proposing an increase in VAT rate have been quoted out of context. The Nation ...
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BusinessWorld: DoF warns VAT rate cut could slash P1 trillion in revenue and risk credit rating downgrade THE Department of Finance (DoF) expressed “strong reservations” regarding a proposal to lower the value-added tax (VAT) rate, warning it could cost the government more than P1 trillion in foregone ... DoF warns VAT rate cut could slash P1 trillion in revenue and risk credit rating downgrade MSN: Editorial:New standard VAT rate also aims to safeguard revenue – MoF In applauding government’s reform of the current VAT system as a sound policy and good response to concerns raised by private sector businesses, professional services company Deloitte believes its ...