Post Utme Osustech 2025 Commerce Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Osustech Commerce examination.

Post Utme Osustech 2025 Commerce Objective / Multiple Choice

Question 40 POST_UTME_OSUSTECH • 2025 • COMMERCE • objective

A sole trader in Nigeria is required to pay Value Added Tax (VAT) on all taxable supplies. What is the purpose of paying VAT?

Answer Options

Correct Answer A. To provide revenue for the government

B. To enable the sole trader to claim input tax credits

C. To facilitate the preparation of tax returns

D. To comply with the requirements of the Value Added Tax Act 1993

Correct Answer

Correct Option:

To provide revenue for the government

About This Question

This is Post Utme Osustech 2025 Commerce Question 40. It is one of the objective questions from the 2025 Post Utme Osustech Commerce examination.

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