VATupdate

allAfrica.com: Nigeria: On Value Added Tax Increase

THE planned increase of the Value Added Tax (VAT) on products, including food items from five per cent to 10 per cent is yet another indication of the Nigerian government’s predilection for churning out ill-conceived and anti-people’s policies. Clearly, VAT is a veritable source of revenues for nations all over the world and an increase in VAT that is limited to certain goods makes economic sense.

via allAfrica.com: Nigeria: On Value Added Tax Increase.

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