The Presidential Committee on Fiscal Policy and Tax Reforms has recommended an upward review of the Value Added Tax (VAT) from the present 7.5 per cent.
The chairman of the committee, Taiwo Oyedele, made this known during an appearance on Channels TV’s Politics Today on Monday.
Oyedele stated that his committee is working to consolidate multiple taxes in Nigeria to ensure a reduction, adding that the draft tax law will be submitted to the National Assembly.
Oyedele stated that his committee is working to consolidate multiple taxes in Nigeria to ensure a reduction, adding that the draft tax law will be submitted to the National Assembly.
