Edun Confirms 15% VAT Hike, Limits Increase To Luxury Goods

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has confirmed that the federal government is planning to raise the Value Added Tax (VAT) rate to 15%, but emphasized that the hike will largely target luxury goods. Speaking at an investor forum during the IMF/World Bank Annual Meetings in Washington, D.C., Edun [...]The post Edun Confirms 15% VAT Hike, Limits Increase To Luxury Goods appeared first on Naija News.

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