VAT increment will slow down Nigeria economy—ACTIONAID - Vanguard News Nigeria

Nigeria has called on the Federal Government to forget the idea of increasing Value Added Tax, VAT, warning that it will slow down the economy, urging government to discontinue payment of subsidy on petroleum products instead.

“The plugging of fiscal leakages, a move which is currently being enforced by the present administration, can also be further strengthened. “An instance is the provision of the relevant technology to ensure proper monitoring, collection and elimination of leakages.

vanguardngr increasing vat in an era of lower corporate profit margins will further slow the economy

vanguardngr increasing the vat means taking from the private sector to pay the public sector

vanguardngr Once again the CBN Governor bad idea going to ruin any gains made woth this lazy idea of taxing. MBuhari let the man continue to stay will undermine the small incremental recovery being made since 2017

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FG plans 50% increase in VAT, other taxes - Vanguard News NigeriaABUJA—Plans are underway by the Federal Government to increase Value Added Tax, VAT, by up to 50 per cent (from current 5 per cent to 7.5 per cent), a move that would stoke-up inflationary pressure in the economy. Minimum wage ? And things would be more expensive. Na wa oo That's too bad, why would they increase vat when senators and reps are collecting 15m/12m respectively without doing anything good for common men in Nigeria apart from allowances? The problem I got with nlc is that most of them r now politicians Mr integrity and co should have reduced the salaries and allowances of political office holders for this reason and many more! We have a long way to go as a country, so sad!
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