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 rejected the proposed changes to the Value Added Tax (VAT) sharing formula included in the Tax Reform Bills currently before the ...

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 ...

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 ...

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 ...

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 ...

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 Mobilisation Allocation and Fiscal Commission (RMAFC) has insisted that it is its remit to produce formulae for sharing revenues, including the Value Added Tax (VAT). In a memorandum ...

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 ...

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 ...