The Punch on MSN

Tax law: VAT hits record N1tn as new sharing era begins

Total Value Added Tax earnings rose to N1.08tn in January as a new sharing formula commenced, altering how the proceeds are split among the Federal Government, states, and Local Governments, findings ...
The Punch Newspapers

Tax law: N5tn VAT windfall for states as new formula begins

The 36 states of the federation are set to receive an estimated N5.07tn as their share of Value Added Tax in 2026, following the commencement of a new VAT sharing formula introduced under the National ...
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 ...
INFORMATION NIGERIA

“We Have No Objection To NGF’s’ Proposed VAT Sharing Formula” – Taiwo Oyedele

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, ...
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 ...