States to earn more as Senate okays new sharing formula for VAT, retains 7.5%

From Adesuwa Tsan, Abuja The Senate has ceded more revenue to states as it passed two of the four much-anticipated Tax Reform Bills which are expected to overhaul Nigeria’s tax laws. The four bills are the Joint Revenue Board (Establishment) Bill, 2025, the Nigeria Revenue Service (Establishment) Bill, 2025, the Nigeria Tax Administration Bill, and [...]The post States to earn more as Senate okays new sharing formula for VAT, retains 7.5% appeared first on The Sun Nigeria.

Read More