Nigeria's new VAT sharing formula begins in 2026, increasing states' share to 55%. This change projects a N5.07tn revenue ...

Nigeria's new VAT formula boosts states' share to 55%, marking a pivotal shift in fiscal federalismFederal Government’s VAT ...

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 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 Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has rejected the proposed changes to the Value Added Tax (VAT) sharing formula included in the Tax Reform Bills currently before the ...

Lagos State is set to be the biggest loser of the new value-added tax (VAT) revenue-sharing formula for Nigeria’s sub-nationals, proposed by a presidential tax advisory body. The revelation comes from ...

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 ...