Controversies Trail VAT Amendment as FIRS Boss Describes Existing Formular Unfair0

• News
• November 19, 2024

The Constitution’s non-mention of Value-Added Tax has created a lacuna, accentuated by the proposed Tax Reforms Bill pending at the National Assembly. The Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, on Monday, described the allocation of 70% of value-added tax (VAT) proceeds to Lagos, Rivers, and the Federal Capital Territory (FCT)