The Punch on MSN
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 ...
Nigeria's new VAT formula increases states' share to 55%, shifting N461.27bn to local governments and marking a pivotal ...
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 ...
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