The new Value added Tax rate of 7.5 per cent will not take effect until the new Finance Bill is gazetted by the Federal Government, President, Chartered Institute of Taxation of Nigeria , Dame Olajumoke Simplice, has said.She said the Bill had stipulated that the implementation date will be January 1, 2020, but 18 was only signed on January 13.
According to her, the last VAT review was 25 years ago. She said the country also has the lowest VAT rate in Economic Community of West African States sub-region.“VAT is a tax on consumption and is only paid when you consume goods or pay for services. Nigeria’s decision to raise VAT is good for its trade relations with other countries. Besides, VAT is very easy to collect and should be utilised for the development of the economy,” she said.
NigeriaGov Very good
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
New VAT implementation to await Finance Bill gazetteThe new Value added Tax (VAT) rate of 7.5 per cent will not take effect until the new Finance Bill is gazetted by the Federal Government...
مصدر: TheNationNews - 🏆 6. / 69 اقرأ أكثر »
UPDATED: Buhari signs Finance Bill, approves 7.5% VAT increaseFor what reason Have they improved anything? 😂 😂 😂 😂 😂 We die here Wallahi I don't know this man knowing what is doing....you approve 7.5% on top doing nothing, GOD will punish you coz you are driving Nigeria back each and everyday .
مصدر: MobilePunch - 🏆 8. / 63 اقرأ أكثر »
LCCI lauds Buhari over assent to Finance Bill, insists VAT increment will impact businesses negatively – Daily TrustThe Lagos Chamber of Commerce and Industry (LCCI) has commended the federal government on some of the expected positive impacts of the finance bill signed into law by President Muhammadu Buhari on Monday.
مصدر: Daily Trust - 🏆 13. / 51 اقرأ أكثر »
New VAT implementation to await Finance Bill gazetteThe new Value added Tax (VAT) rate of 7.5 per cent will not take effect until the new Finance Bill is gazetted by the Federal Government...
مصدر: TheNationNews - 🏆 6. / 69 اقرأ أكثر »
LCCI lauds Buhari over assent to Finance Bill, insists VAT increment will impact businesses negatively – Daily TrustThe Lagos Chamber of Commerce and Industry (LCCI) has commended the federal government on some of the expected positive impacts of the finance bill signed into law by President Muhammadu Buhari on Monday.
مصدر: Daily Trust - 🏆 13. / 51 اقرأ أكثر »
UPDATED: Buhari signs Finance Bill, approves 7.5% VAT increaseFor what reason Have they improved anything? 😂 😂 😂 😂 😂 We die here Wallahi I don't know this man knowing what is doing....you approve 7.5% on top doing nothing, GOD will punish you coz you are driving Nigeria back each and everyday .
مصدر: MobilePunch - 🏆 8. / 63 اقرأ أكثر »