Current Trends In Personal Finance

BEING members of a community, our personal finances and financial well-being are affected by the prevailing economy, government policies, technology and other factors. Here are some of the things trending.Taxation and Tariffs – The current government is cash strapped and unable to generate the funds to achieve its election promises. Different new taxes and tariffs are being introduced and existing ones are being increased. Value Added Tax (VAT) is billed to go up by 50% to 7.5%, this tax is paid by the end-user on all services and processed goods e.g. there is no VAT on yam, but VAT is payable…

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