- New Tax Reform Bill submitted to Nigerian National Assembly
- Proposes equitable model for sharing Value Added Tax among 36 states
- Proposes 0% VAT on food, education, and healthcare
- Seeks to fundamentally alter VAT regime
- Proposes revising VAT derivation formula to allocate revenue based on consumption location
- Addresses inequities in VAT revenue distribution
- Aligns with international best practices
Source: vatcalc.com
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.
