The Federal Government of Nigeria has debunked rumors of a potential increase in Value Added Tax (VAT) and has maintained the current rate of 7.5%. This decision comes amidst concerns about the economic impact of a potential VAT increase on businesses and consumers in the country.
Source: newtelegraphng.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
