Nigeria Set to Increase VAT on Luxury Goods

Nigeria Set to Increase VAT on Luxury Goods

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has said the federal government plans to raise Value Added Tax (VAT) to 15%, primarily on luxury goods and services. The Minister while speaking at the Global Investors forum on the sidelines of the World Bank/IMF annual meetings in Washington DC, US, […]