VAT remains 7.5%, says Edun

 
From Adanna Nnamani, Abuja
Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has  debunked claims that the federal government increased the rate for Value-Added Tax (VAT) from 7.5% to  10% from.
The Minister, in a statement on Monday, stated that VAT rate as contained in relevant tax laws and chargeable on goods and services remains 7.5%.
According to him, “The current VAT rate is 7.5% and this is what government is charging on a spectrum of good