7.5% VAT to be implemented from February 1 – Finance Minister
Nigeria’s minister of finance, budget and national planning, Zainab Ahmed, says the implementation of the new value-added tax rate will begin on February 1, 2020. Zainab Ahmed announced this at the ongoing inauguration of the Federal Inland Revenue Service (FIRS) board. President Muhammadu Buhari signed the finance bill, which increased VAT by 50% into law […]
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