Finance Minister Wale Edun reacts to Atiku’s claims on VAT

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इंडिया समाचार समाचार

इंडिया ताज़ा खबर,इंडिया मुख्य बातें

Finance minister Wale Edun says claims by Atiku and other critics on VAT are false and unwarranted.

INVESTIGATION: Beyond the Facade: Unveiling the Violence in Nigeria’s ‘Peaceful’ Presidential ElectionsSPECIAL REPORT: Antimicrobial resistance crisis heightens in Nigeria, other countriesINVESTIGATION: Beyond the Facade: Unveiling the Violence in Nigeria’s ‘Peaceful’ Presidential ElectionsThe Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday, debunked reports that the rate for Value-Added Tax has been adjusted to 10 percent from 7.5 percent.

“The tax system stands on a tripod, namely tax policy, tax laws and tax administration. All the three must combine well to give us a sound system that gives vitality to the fiscal position of government. “In fact, it is on record that the Federal Government, as part of efforts to bring relief to Nigerians and businesses, recently ordered the stoppage of import duties, tariffs and taxes on rice, wheat, beans and other food items.Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.“For emphasis, as of today, VAT remains 7.

The former vice president further claimed that the “move unveils a new era of regressive and punitive policies, and its impact is destined to deepen the domestic cost-of-living crisis and exacerbate Nigeria’s already fragile economic growth.”

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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Nigeria’s goods, non-oil exports grew to $55bn in 2023 – Finance Minister, EdunThe Minister of Finance, Wale Edun, says Nigeria's goods and non-oil exports grew to $55 billion in 2023. Edun disclosed this on Tuesday at the end of the inaugural meeting of the Council of State convened by President Bola Tinubu at the Aso Rock Villa, Abuja.
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