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Federal Government increases VAT from 5 to 7.2%

The Federal Executive Council has approved a proposed increase of Value Added Tax from 5 percent to 7.2 percent. The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this to State House correspondents after an FEC meeting presided over by President Muhammadu Buhari.

Read more: https://www.dailytrust.com.ng/fg-increases-vat-to-7-2-okays-n10-07trn-2020-budget-proposal.html

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