Governors Back Tax Reform Bills, Reject Increase In VAT

...Endorse Revised VAT Sharing Formula...Say It Ensures Equitable Distribution Of Resources ABUJA – The 36 state governors, under the aegis of Nigeria Governors’ Forum (NGF), on Thursday, endorsed President Bola Tinubu’s Tax Reform Bills at the Nation­al Assembly but rejected any increase in the VAT rate. They also endorsed a revised Value Added Tax (VAT) [...]

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