Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, on Wednesday, issued a statement addressing the Revenue Mobilisation Allocation and Fiscal Commission’s (RMAFC) position on the proposed VAT distribution formula.
Oyedele’s statement provides context and highlights the issues the reforms seek to address.
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) had earlier opposed the proposed value-added tax (VAT) sharing formula in the tax reform bills, citing constitutional breaches.
