As sub-nationals in Nigeria gain a bigger stake in Nigeria’s VAT revenue under the new Tax Act, the latest Federation Account ...

Nigeria's new VAT formula boosts states' share to 55%, marking a pivotal shift in fiscal federalism Federal Government’s VAT allocation drops from 15% to 10%, yielding a revenue shift of N461.27bn to ...

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has expressed its opposition to the proposed changes to the Value Added Tax (VAT) sharing formula contained in the Tax Reform Bills ...

The Presidential Fiscal Policy and Tax Reforms Committee and the Revenue Mobilisation Allocation and Fiscal Commission are locked in a dispute over the constitutional rights to administer and allocate ...

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 ...

The Nigerian Governors’ Forum (NGF) has proposed a revised Value-Added Tax (VAT) sharing formula, which has been accepted by the Presidential Committee on Tax Policy and Fiscal Reforms. Taiwo Oyedele, ...

Lagos State is set to be the biggest loser of the new value-added tax (VAT) revenue-sharing formula for Nigeria’s sub-nationals, proposed by a presidential tax advisory body. The revelation comes from ...

Some stakeholders have rejected the Nigeria Governors Forum’s (NGF) proposed Value Added Tax (VAT) sharing formula, allocating 50 percent based on equity, 30 percent based on derivation and 20 percent ...

The presidential committee on fiscal policy and tax reforms says there is a need to increase the value-added tax (VAT) rate. Speaking at the policy exposure and impact assessment session organised by ...

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) ...