What is your take on the proposed 7.5 per cent VAT by the federal government?

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Tribune Online
What is your take on the proposed 7.5 per cent VAT by the federal government?

VAT

The recent proposed increase of Value Added Tax (VAT) from 5.0 to 7.5 per cent by the federal government has generated a lot of reactions both from professional and common Nigerians. According to the FG, the reason for the increase, which may take effect in 2020, is to help states pay the new minimum wage. OLASUNKANMI OSO sampled the opinion of Nigerians on this matter. Their views:

 

Ipaye Olasunkanmi
Increasing VAT rate to pay minimum wage is like using a right hand to give a child food and using left hand to retrieve the food. There are so many ways the federal government could generate…



Source: Nigerian Tribune