What to do when there is VAT increase by government

I will position my company to still have business presence in the country, revisit and update my business plan to the tune of the VAT increase, OR absorb part or all the VAT increase so that the price of my goods and services are not affected; to keep my business running without any serious negative consequence.

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@Ifeanyi_Onwuzurike, there is a level of VAT increase you wont have option other than increase the cost of your product/services. If you don’t you will have negative profit return

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Thanks for sharing

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This is a very delicate issue that can make one lose clients or even run into debt

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