The Senate Committee on Finance says it will invite the Minister of Finance and the Chairman, Federal Inland Revenue Service, to give details on reasons for the proposed increase in Value Added Tax .
Mr Adeola said the invitation was hinged on the proposed plan to increase VAT from 5 per cent to 7.2 per cent. Mr Adeola said the proposed increase in VAT had generated mixed reactions among the public on its possible effects on living standards and the economy.
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