Reps approve 7.5% VAT, strip NIPOST duty to collect N50 stamp duties

November 29, 2019

As VAT rate of 7.5% commences

House of Representatives has approved the increase in the Value Added Tax (VAT) from 5% to 7.5% on services rendered in Nigeria, regardless whether a person is physically present or not, as well as services rendered within Nigeria or outside. Read Also: Insights from the sectoral distribution of v

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