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Senate approves 7.5% VAT, passes finance bill

The Senate on Thursday okayed the Finance Bill 2019 and approved the 7.5 percent Value Added Tax (VAT) proposed by President Muhammadu Buhari. Buhari had proposed an increase of the Value Added Tax from 5 percent to 7.5 percent. The VAT approval by the Senate followed adoption of the report on the Nigeria Finance Law…

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