VATupdate
VAT

Share this post on

Treasury Scraps Special VAT, Company Tax Rates in Revenue Push

The Treasury has scrapped preferential rates on value-added-tax (VAT) and company tax in a radical shift aimed at curbing revenue losses.

A newly published National Tax Policy (NTP) said VAT will be charged at a uniform rate unlike currently where petroleum products attract a charge of 8 percent, other goods, and services 16 percent, and zero percent for exported goods.

Source: nation.africa

 

Sponsors:

VAT news
VAT news

Advertisements: