Nigeria's new VAT sharing formula will shift revenue to states, projecting a N5.07tn windfall for them by 2026 as the federal ...

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 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 ...

Apply the formula: click on cell D13 (in our example)and then go to the bottom right of the cell till the black square, cursor will turn into a black cross. Hold the left mouse button and drag the ...

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 ...

OGUN State Governor Ibikunle Amosun has called for a review of the sharing formula of revenue accruing to the Federation Account from non-oil taxes, especially the Value Added Tax (VAT). He said the ...

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 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 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 Citizens Network for Peace and Development in Nigeria has rejected the Nigeria Governors Forum’s proposed Value Added Tax, VAT, sharing formula, which allocates 50 per cent based on equity, 30 ...

Nigerian governors have expressed their support for the tax reform bills initiated by the federal government, proposing a new sharing formula for value-added tax, VAT. This is coming after meeting of ...