Manufacturers Set to Gain as VAT Reform Slashes Costs by 3.3 Per Cent [Video]

• Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has said that the VAT reforms will not result in higher costs for manufacturers
• Oyedele did a comparative analysis to show how the new VAT regime would reduce manufacturing costs by 3%
• Since its first presentation, the tax reform bill has generated many reactions and some endorsements from key players

Legit.ng journalist Ruth Okwumbu has over a decade of experience and a deep understanding of Nigeria’s corporate sector and emerging trends in the fintech space.

The proposed Value Added Tax (VAT) reforms under the Tax reform bills will reduce manufacturing costs for Nigerian manufacturers by up to 3.3%.

This is according to Mr. Taiwo Oyedele, Chairman of the Presidential Tax Reform Committee.

Oyedele argued that …