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Breaking: Senate passes two tax reform bills, retains VAT at 7.5%

Daniel OkejemeMay 7, 20251 Mins read960

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The Senate has approved two of the four major tax reform bills submitted by President Bola Tinubu.

The lawmakers rejected the proposal to hike the Value Added Tax (VAT) to 10%, maintaining the current rate of 7.5%.

Details shortly…

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Daniel Okejeme

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See also 2025 budget: Why we have not complied with Assembly's 48-hour ultimatum - Rivers govt

Nigerian Senate

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