The Federal Government has fixed February 1, 2020 as the date for the take-off of the new 7.5 percent Value Added Tax, VAT.
This was made known at the inauguration of the new Board of the Federal Inland Revenue Service, FIRS in Abuja, the nation’s capital
Read Aso: TUC kicks against new Finance Law
President Muhammadu Buhari on Monday signed into law the 2019 Finance Act that provides for an increment in the VAT from 5% to 7.5 % among other new taxes.
Details later
