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FG increases VAT to 7.2%, okays N10.07trn 2020 budget proposal – Daily Trust

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FG increases VAT to 7.2%, okays N10.07trn 2020 budget proposal

The Federal Executive Council yesterday approved a proposed increase of Value Added Tax from 5 percent to 7.2 percent.

 

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FEC approves N10.07trn 2020 Budget proposal, raises VAT to 7.2% – Daily TrustThe Federal Executive Council (FEC) on Wednesday approved N10.07trillion 2020 Budget proposal for onward transmission to the National Assembly for consideration and approval. The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, made this known when she briefed State House correspondents on the outcome of the meeting of the Council which was presided …
Source: Daily Trust - 🏆 13. / 51 Read more »