Why we propose VAT hike on non-essential items – Oyedele

Nigeria’s Presidential Fiscal Policy and Tax Reforms Committee has proposed an increase in Value Added Tax (VAT) on non-essential goods to offset VAT reduction on essential items like food, healthcare, and education.

The committee chair, Taiwo Oyedele, said this in a repeat post via his X handle on Monday.

Mr Oyedele said the committee is also proposing to reduce the VAT rate to zero per cent (0%) on food, health, education, with exemption for rent, transportation, and small businesses.

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