VATupdate

Experts fault IMF’s recommendation to raise VAT by 100 percent

Knocks have trailed the recent recommendation by the International Monetary Fund (IMF) to the Federal Government, urging the government to raise Value Added Tax (VAT) from 7.5 percent to 15 percent despite the harsh economic realities Nigerians face.

Economic analysts have frowned at the recommendation, stating that it is wrong to have such a policy when most businesses and citizens are battling multidimensional poverty and economic misery.

Source: dailypost.ng

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