Senate Majority Leader Francis Tolentino has filed a measure aiming to remove the 12 value-added tax (VAT) on electricity and ...

The Citizens Network for Peace and Development in Nigeria has rejected the Nigeria Governors Forum’s proposed Value Added Tax ...

In an exclusive interview with Saturday PUNCH, Ndume said the proposed 30% VAT sharing formula remained high, despite the endorsement by the governors. He said, “30% VAT sharing based on ...

They recommended that the sharing formula of VAT should be 50 percent, based on equity, 30 percent based on derivation and 20 percent based on consumption. The meeting to deliberate on critical ...

President Bola Tinubu's tax reform bills have finally got the support of the Nigerian governors, who earlier rejected them The governor, at the end of their meeting on Thursday, January 16, proposed a ...

The resolution was contained in a Communiqué issued at the end of the subnational consultations and engagement between NGF and Presidential Tax Reform Committee held in Abuja ...

This, in essence, is how Nigeria’s current VAT revenue-sharing formula operates: it discourages effort and rewards complacency. Under the existing system, 20 percent of VAT revenue is ...

Nigerian governors have endorsed a revised VAT formula that allocates 50% equality, 30% derivation, and 20% population, marking a breakthrough in negotiations. After many weeks of controversy, ...

According to him, it is a strategic move to remove the political obstacles to ... Richard Mayungbe, viewed the new VAT formula as an equitable solution for the states. He stated, “It is ...

“The Forum endorsed a revised Value Added Tax (VAT) sharing formula to ensure equitable ... He urged the Federal Government to remove the constraints to the growth of the economy and expedite ...

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 ...