Tag Archives: FG raises VAT from 5%  to 7.5 % from January 2020

October, 2019

• 9 October

  FG raises VAT from 5%  to 7.5 % from January 2020

  

  The Federal Government has raised VAT from five per cent  to 7.5 per cent. It will take effect  from January. But, firms making a turnover of N25 million and below will be exempted. He stated this while presenting his N10.33 trillion 2020 budget estimates to the joint sitting of the National Assembly in Abuja. The essence of the exemption, according ...

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