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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 ...
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 ...
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How states will benefit from new VAT sharing formular under the new tax law

Nigeria's new VAT formula boosts states' share to 55%, marking a pivotal shift in fiscal federalism Federal Government’s VAT allocation drops from 15% to 10%, yielding a revenue shift of N461.27bn to ...