2020 budget: Food items exempted from VAT

In the 2020 Appropriation Bill submitted by President Muhammadu Buhari on Tuesday to a joint session of the National Assembly, 10 food items were exempted from the proposed Value Added Tax regime. The Federal Government recently increased VAT from five per cent to 7.5 per cent and the next year’s budget is estimated based on
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Added October 09, 2019
from The Punch News