OPINION: Redefining Revenue: The New Derivation Principle In VAT Distribution

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October 30, (THEWILL) – Two sets of tax bills supposedly drafted by the Presidential Committee on Fiscal Policy and Tax Reforms, which could significantly alter the distribution of Value Added Tax (VAT) revenues among Nigeria’s federal, state, and local governments, have been made public. Current VAT revenue distribution under current law, VAT is allocated in […]

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