Government increases VAT to fund national minimum wage

Government increases VAT to fund national minimum wage The Federal Executive Council (FEC) yesterday approved an increase in the nation’s Value Added Tax (VAT) from five per cent to 7.2 per cent effective next year. This comes as President Muhammadu Buhari directed all parties negotiating the consequential adjustments of salaries of workers arising from the … Continue reading Government increases VAT to fund national minimum wage