Minister Denies Report On VAT Increase, Says 7.5% Remains

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Monday, debunked reports going the rounds that the rate for Value-Added Tax (VAT) has been upwardly adjusted to 10 percent from 7.5 percent. The minister, in a statement he personally signed, affirmed that the VAT rate as contained in relevant tax laws [...]

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