As the implementation of the new 7.5 per cent Value Added Tax rate begins on Saturday (today ), the Federal Inland Revenue Service has warned businesses and individuals against tax evasion.
The Federal Government had said it would from today begin the implementation of the 7.5 per cent Value Added Tax.
The VAT increase which is meant to help government achieve its revenue projections for the 2020 budget is a part of the tax reforms included in the 2019 Finance Act .
With the Act , it is...
FIRS Warns Against Evasion As 7.5% VAT Begins - Nairaland
The Federal Government had said it would from today begin the implementation of the 7.5 per cent Value Added Tax.
The VAT increase which is meant to help government achieve its revenue projections for the 2020 budget is a part of the tax reforms included in the 2019 Finance Act .
With the Act , it is...
FIRS Warns Against Evasion As 7.5% VAT Begins - Nairaland