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 ...

As the states and the Federal Government fight over control of the Value Added Tax, VAT, revenue, the Lagos Chamber of Commerce and Industry, LCCI, has rolled out a compromise position which it sees ...

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 sharing formula for the Value Added Tax (VAT) between the federal, states and local governments is topping the agenda of discussions between the Attorney General of the Federation and the Senate ...

Governors under the aegis of the Nigerian governors Forum (NGF) have unanimously opposed any increase in the Value Added Tax (VAT) rate. This is contained in their communiqué after the governors’ high ...

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 ...

Di Nigerian govnors don endorse di tax reform bills wey President Bola Tinubu send go National Assembly, but dem dey propose new sharing formula for Value-Added Tax (Vat). Dem make dis decision during ...

Civil Society Organisations have commended President Bola Tinubu in his efforts to establish a fair and constitutionally compliant Value Added Tax sharing formula. The groups described the move as a ...

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 ...

Manufacturers have blamed change in the formula applied in calculating Value Added Tax (VAT) refunds for cash flow challenges resulting in piling loan defaults. The taxman in September 2017 enforced ...

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 ...

Government and commercial banks have agreed on the mechanism for applying the value-added tax (VAT) on financial transactions based on the difference between the lending rate used by banks on specific ...