INFORMATION NIGERIA

Governors Endorse Tax Reform Bills, Propose New VAT Sharing Formula

The Nigeria Governors’ Forum (NGF) has thrown its weight behind the tax reform bills submitted by President Bola Tinubu to the National Assembly. The Governors proposed a revised Value Added Tax (VAT) ...
The Nation Newspaper

RMAFC warns FG, NASS against amending VAT sharing formula without its input

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has cautioned the federal government, the National Assembly, and the Taiwo Oyedele-led Presidential Fiscal Policy and Tax Reform ...
Legit.ng on MSN

How states will benefit from new VAT sharing formular under the new tax law

Nigeria's new VAT formula boosts states' share to 55%, marking a pivotal shift in fiscal federalismFederal Government’s VAT ...
The Nation Newspaper

RMAFC insists on constitutional right to VAT allocation

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has insisted that it is its remit to produce formulae for sharing revenues, including the Value Added Tax (VAT). In a memorandum ...
Naija Gist - Latest

Governors back Tinubu's tax reform bills, propose new VAT-sharing formula

The governors opposed the terminal clause for TETFUND, NITDA, and NASENI in the sharing of development levies, as well as the increase of VAT as proposed in the bills. The governors made their ...