- Taiwo Oyedele, chairman of the presidential committee on fiscal policy and tax reforms, believes proposed amendment to VAT distribution will create a fair system
- Current model for distributing VAT based on location where tax is remitted, not where goods and services are supplied or consumed
- Oyedele aims to create fairer system by considering place of supply or consumption for goods and services
- Committee will collaborate with stakeholders to find balanced solution
- President Bola Tinubu proposed four tax reform bills, including Nigeria tax bill and tax Administration bill
- Northern governors urge national assembly to reject legislation that may harm region’s interests and call for equitable implementation of national policies to prevent marginalization of any geopolitical zone
Source: thecable.ng
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
