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HOUSE OF REPS APPROVES VAT INCREASE

2 December 2019 Business


THE HOUSE OF REPRESENTATIVES HAS APPROVED THE REQUEST BY PRESIDENT MUHAMMADU BUHARI TO INCREASE VALUE ADDED TAX (VAT) FROM 5 PERCENT TO 7.5 PERCENT.

THE LOWER LEGISLATIVE CHAMBER APPROVED THE REQUEST DURINGĀ  PLENARY SESSION. BUHARI SENT THE FINANCE BILL IN OCTOBER.


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