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 ...

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 ...

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 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 ...