FG to Raise VAT on Luxury Goods to 15%
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has confirmed that the federal government would impose 15 percent Value Added Tax (VAT) on luxury goods, adding that total subsidy removal became effective last month. Fielding investors’ questions at a meeting on the sidelines of the on-going IMF/World bank Annual Meetings…