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Tag: Finance Bill

Buhari signs 2019 Finance Bill into law, taking VAT to 7.5%

January 13, 2020January 13, 2020Eben Tanimola

President Muhammadu Buhari, on Monday signed the 2019 finance bill into law in Abuja. The bill signed into law marks the commencement of the proposed increase in the rate of value-added tax from the present 5% to 7.5%. The bill was submitted to the national assembly alongside the budget. However, the bill signing is coming […]

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