VAT stays at 7.5% –Wale Edun
On Monday, Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, refuted claims that the Value-Added Tax (VAT) rate has been raised from 7.5% to 10%. In an official statement, Edun affirmed that the VAT rate remains at 7.5%, in accordance with existing tax regulations. “The current VAT rate is 7.5%,…