LAGOS MARCH 29TH (NEWSRANGERS)-The national leader of the All Progressives Congress (APC), Bola Tinubu, has advised the Nigerian Government against the planned to increase the Value Added Tax (VAT). Addressing a gathering at the Bola Tinubu Colloquium on Thursday in Abuja, he warned that such decision was capable of worsening the nation’s economy. “Consumers’ spending…
LAGOS MARCH 21ST (NEWSRANGERS)-Nigeria’s apex revenue collection body, The Federal Inland Revenue Service (FIRS) on Wednesday refuted report of planned increment of Value Added Tax (VAT) by 50 per cent to meet up payment of the newly proposed minimum wage. Mr Wahab Gbadamosi who is the Head, Communication and Servicom Department, made this known in…
LAGOS MARCH 20TH (NEWSRANGERS)-The Federal Government on Tuesday revealed its plan to increase the Value Added Tax (VAT) up to 50 percent. This is even as the upper chamber of the National Assembly approved N30, 000 as new minimum wage. The planned upward review of the Value Added Tax up to 50 percent was disclosed…