Nigeria exempts food from VAT as it increases the tax to 7.5pc
Nigeria has increased Value Added Tax (VAT) from 5 percent to 7.5 percent to raise revenue but exempted many foodstuffs from VAT to alleviate the cost burden from consumers. PHOTO | FILE | NATION MEDIA GROUP
Nigeria has increased Value Added Tax (VAT) from 5 percent to 7.5 percent to raise revenue but exempted many foodstuffs from VAT to alleviate the cost burden from consumers.
