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7.5% VAT: Business groups raise concern over unmoved stock, growth – Daily Trust

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7.5% VAT: Business groups raise concern over unmoved stock, growth

The 7.5 per cent Value Added Tax increase will reduce sales and diminish profits, some big manufacturers and small business owners in the country have said.yesterday, the Vice President of the Abuja Chamber of Commerce and Industry in charge of commerce, Dr. Johnson Somadina Anene, expressed pessimism over the development, adding that the Federal Government may achieve the opposite of the aim of the policy.Dr.

 

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