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BREAKING: Senate passes finance bill to raise VAT from 5 to 7.5 percent

BREAKING: Senate passes finance bill to raise VAT from 5 to 7.5 percent

  By Henry Umoru The Senate on Thursday passed the Finance Bill presented to it by President Muhammadu Buhari to raise the country’s Value Added  Tax(VAT) from 5 to 7.5 percent. The bill has five strategic objectives of promoting fiscal equity, reforming domestic tax laws and raising revenue. The Bill is entitled, ” A Bill […]