Nigeria: RMAFC Pushes for Vat Increase to 7.5%

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) is advocating for a 50 per cent increase in Value Added Tax (VAT) from the present 5 per cent, the Daily Trust reports.

The disclosure is coming on the heels of experts warning against increase in VAT and other forms of taxes at the prevailing economic situation.

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