The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday, debunked reports that the rate for Value-Added Tax (VAT) has been adjusted to 10 percent from 7.5 percent.
The minister, in a statement signed by him, said VAT rate as contained in relevant tax laws and chargeable on goods and services remains 7.5 percent.
“The current VAT rate is 7.5 percent and this is what government is charging on a spectrum of goods and services to which the tax is…
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