Tax reforms: CSOs advocate fair VAT allocation formula, hail RMAFC
submitted about 1 year ago by uzong
submitted about 1 year ago by uzong
- Civil Society Organisations praised President Bola Tinubu for working on a fair Value Added Tax sharing formula, aiming to promote unity and transparency in revenue allocation.
- They supported the Revenue Mobilisation Allocation and Fiscal Commission's efforts to create an equitable VAT distribution formula that considers the unique nature of VAT as a consumption tax and ensures fairness among federal, state, and local governments.
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