Federal Government exempts 20 food items, some products and services from 7.5% VAT

To stop the cost of living from rising, the Federal Government has exempted 20 basic food items and so e products and services from the increase of VAT to 7.5%. This is courtesy of the new Finance Bill 2019.

The food items include fish, meat, fruits, cereals and cooking oils. Also exempted are school fees, sanitary products and microfinance banks services. Read more details at theGuardian.















Have gist? Email inkubwa@gmail.com