The Nigeria Governors’ Forum (NGF) has finally thrown its weight behind the proposed tax reform bills currently at the national assembly.
This was contained in a communique issued at the end of the subnational consultations and engagement with the Presidential Tax Reform Committee on Thursday, January 16, 2025.
In the communique, the governors proposed an “equitable” sharing formula for value-added tax (VAT).
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Recall that President Bola Tinubu transmitted four tax reform bills to the national assembly on October 3, 2024.
The bills are the Nigeria Tax Bill 2024, the Nigeria Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill.
Details shortly
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