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Nigerians lament as Buhari signs finance bill, increases VAT to 7.5% – Daily Post Nigeria

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Nigerians lament as Buhari signs finance bill, increases VAT to 7.5%

DAILY POST reports that President Muhammadu BuhariIt means that the Value Added Tax in Nigeria is now officially 7.5 per cent from 5 per cent.

@Obi_nwosu “Dear Nigerians, 7.5% VAT is ready for you. Baba Buhari has done it. The consumers will carry the load.” @MistaYawan “If you think the 7.5% VAT won’t affect prices, then think again, PMS was increased from 97 to 145 yet Garri, Rice and other food items increased also because the increase is not direct it is indirect.”

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He told Nugerian earlier that he would be tougher in this second tenure. Let him carry on.

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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 .
ソース: MobilePunch - 🏆 8. / 63 続きを読む »

7.5 per cent VAT kicks off as Buhari signs finance billThe Value Added Tax (VAT) goes from five per cent to 7.5 per cent following President Muhammadu Buhari’s signing of the 2020 Finance Bill.
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Nigerians to pay more taxes as Buhari signs Finance Bill – Daily TrustIncome tax, electricity tariff to go up We have the lowest VAT rate in Africa – Experts Nigerians will henceforth pay more in taxes while electricity rates will also go up in the course of the year as a new law signed by President Muhammadu Buhari to boost revenue for government comes into effect. The … All to be spent flying presidential air fleets for private use of family members. A failed government. They can't create jobs or even a means of generating revenue rather they tax poor nigrians the more to fill their pockets the more Salary review; standstill!!
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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.
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Buhari Signs Finance Bill into Law - THISDAYLIVEBy Omololu Ogunmade in Abuja President Muhammadu Buhari on Monday in Abuja signed the 2020 Finance Bill into law. The president’s media adviser, Mr. Femi Adesina, in a statement, recalled that Buhari, while presenting the 2020 Appropriation Bill to the National Assembly late last year, made the presentation along with the Finance Bill. According to …
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Private sector knocks FG as Buhari signs finance billWhich private sector? Those that have over 25million turnover a year? Which one? The one affected by it? Or what... Y do we relish in negativity as a nation?
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