• FG to increase tax rate this year – VP Osinbajo

    FG to increase tax rate this year – VP Osinbajo

    Yemi Osinbajo, Nigerian Vice President has described the current five per cent Value Added Tax rate in the country as very low, adding that the Federal Government would increase the taxpayer base this year.

    Osinbajo stated this on Thursday in Lagos in a keynote address at the 1st National Forum on the Economy organised by Vintage Press Limited, publishers of The Nation Newspapers.

    VAT is a consumption tax payable on goods and services consumed by individuals, government agencies and business organisations.

    The International […]