The Trade Union Congress (TUC) has rejected the Federal Government’s move to increase Value Added Tax (VAT) from the current 7.5% to 10%, 12.5% and finally to 15% as proposed in one of the tax reform bills. In a statement on Tuesday, TUC President Festus Osifo said “allowing VAT rate to remain at 7.5% is in the best interest of the nation, as increasing it would place an additional financial burden on Nigerians, many of whom are already struggling with economic challenges”. “At a time when inflation, unemployment, and the…
Read More‘7.5% To 15%,’ Trade Union Rejects Tinubu’s Proposed 100% VAT Hike
