The government of a state in Nigeria’s oil-producing Niger Delta region has said it would collect value added tax (VAT) in its territory rather than leaving it for a federal agency, a move that threatens the way the nation’s wealth is shared out. Under the political and fiscal system now, a range of taxes are collected nationwide by the Federal Inland Revenue Service (FIRS) and pooled centrally before being redistributed across all 36 of Nigeria’s states according to an agreed formula.
Source: devdiscourse.com
Latest Posts in "Nigeria"
- Federal Government Insists on New Tax Reform Despite IATA’s Criticism Over International Treaty Violations
- Stakeholders Criticize New Tax Reforms as Nigerian Government Insists Airlines Must Pay VAT
- Nigeria to Enforce VAT on Non-Resident Digital Services from 2026
- Nigeria Extends E-Invoicing Compliance Deadline for Large Taxpayers to November 2025
- FIRS Launches E-Invoicing Platform to Enhance Tax Compliance and Transparency in Nigeria
