Stakeholders criticise tax reform bill’s derivation-based VAT model, warn of economic risks

The bill, which introduces a derivation-based Value Added Tax (VAT) model, has been met with calls for a more equitable approach to ensure fair distribution across regions.

The Kaduna State Chamber of Commerce, Industry, Mines, and Agriculture (KADCCIMA) expressed apprehension over the proposed VAT allocation model, which earmarks 60 per cent of VAT revenue to the state where it’s collected.

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