FIRS denies calling for fifty percent increase in VAT

Various media outlets, Tuesday, quoted Fowler as recommending a hike of that proportion during a meeting with members of the Senate Finance Committee at the 2019-2021 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (PSP) in Abuja. In a statement issued by its Communication Unit, the FIRS said what Fowler recommended is an increase in the number of individuals and business entities paying VAT.