7.5% VAT Implementation - How Does It Affect You
Channel: Plus TV Africa
Date: 2020-02-06

The much anticipated 2019 finance act has now been published in the gazette, having a commencement date of 13th January 2020, as the date, it was signed into law. Objectives of the bill include to promote fiscal equity, align domestic laws with global best practices, and support Micro, Small and Medium-sized businesses. 

Other major objectives of the Bill include increasing government revenues and stakeholder investments in the capital market through the introduction of incentives.

However, more grassroots Nigerians are particularly concerned about how this would affect them.