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Fred Itua, Abuja
Despite the existence of the Communication Service Bill in the Senate, which intends to place a 9% tax on Nigerians, President Muhammadu Buhari has forwarded an amendment Bill to the National Assembly to raise Value Added Tax (VAT) on products from 5 to 7.5%.
The President made the disclosure on Tuesday when he presented the 2020 budget before a joint session of the National Assembly.
He said the proposed VAT increment will give more funds to the three tiers of government to provide physical and other infrastructure to Nigerians.
