The Tax Administration has published instructions and examples of how increases to reduced VAT rates will be applied from the turn of the year. Reduced VAT rates are changing on 1 Jan. 2025. On that ...

Wale Edun, Finance Minister and Coordinating Minister of the Economy, has dismissed rumours of a planned hike in the Value-Added Tax (VAT) rate from 7.5% to 10%. In a Monday statement, Edun clarified ...

Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Monday dismissed circulating reports that the Value-Added Tax (VAT) rate has been increased from 7.5% to 10%. In a ...

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Monday, debunked reports doing the rounds that the rate for Value-Added Tax (VAT) has been upwardly adjusted to 10% from ...

The final Value Added Tax (VAT) rate that will be paid by businesses is expected to be reduced from 22% to 20 % from 2026. This will be captured in the 2026 Budget, which the Finance Minister Dr. Ato ...

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday, debunked reports that the rate for Value-Added Tax (VAT) has been adjusted to 10 per cent from 7.5 per cent. The ...

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Monday, debunked reports going the rounds that the rate for Value-Added Tax (VAT) has been upwardly adjusted to 10 ...

In order to finance the implementation of new and current expenditures, an increase in the VAT rate was tabled. Treasury argued that the growing budget deficit and high debt servicing costs will be ...