Nigeria’s new VAT rate of 7.5% (up from 5%, and taking effect from February 1, 2020) is the lowest VAT rate in Africa.

Most African countries have VAT rates between 15% and 20%.

Here's the current sharing formula of VAT income in Nigeria.

State: 50%
LGA: 35%
FG: 15%

Good info op. Thanks for the education.

This is the best and the lowest VAT in Africa, thanks to Buhari/Osinbajo

Good one. Read and share

My people will see this clear explanation but they still perish for lack of knowledge

Good information. Thanks

thanks for this info

Very useful info

Thanks op