Nigeria May Increase VAT on These Items, as ECOWAS Advises Policy Makers

The Economic Community of West Africa States has called for an increase in the Value Added Tax on hotels, perfume, wine, alcoholic beverages, and other luxury items.

Hotel

According to ECOWAS, Nigeria is the least VAT paying country in West Africa.

The ECOWAS Director of Domestic Tax, Tiemtore Salifou, gave the hint after a two-day regional seminar on problems of tax transition in West Africa which ended in Abuja on Friday.

He was however cautious saying that the VAT increase should be on products that would not impact negatively poorer Nigerians especially given the present rate of inflation.

Nigeria pays less VAT than the Niger Republic, Salifou says and admits there was no wisdom in that.

He said, “There are some products we can increase VAT on without impacting on the lives of the normal Nigerians.

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