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7.5% VALUE-ADDED TAX
The Cheif Executive Officer, Facebook, Mark Zuckerberg is set to throw his weight behind the call for technology giants to pay tax in Europe.
FG has exempted about 20 basic food items and some other transactions/items from the new 7.5% Value Added Tax (VAT) set to kick off on February 1.
The Federal Government has disclosed that it will begin implementation of the 7.5% Value-Added Tax (VAT) from the first of February.