Home News Senate don carry VAT rate from 5% go 7.5%

Senate don carry VAT rate from 5% go 7.5%


Naija Senate on Thursday bin pass d Finance Bill wey seek to amend seven Acts of the National Assembly wey relate to tax wey Naija people go dey pay.

D bill seek say make dem increase VAT rate from 5 percent wey e dey go 7.5 Percent.

E also seem make dem increase Companies Income tax,  Customs and excise, Petroleum Profit Tax, Stamp duties,  personal income tax and Capital Income tax.

But The Minority Leader, Enyinnaya Abaribe, and Senators Ifeanyi Ubah, Gabriel Suswan and Abba Moro bin no support d bill as dem yarn say d bill go make Naija people suffering make e increase.


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