Tax bills: Governors forum is wrong over 50% vat sharing formula – Group

As the National Assembly considers the proposed Tax Reform Bills, the Citizens Network for Peace and Development in Nigeria (CNPD) has rejected the Nigeria Governors’ Forum’s (NGF) proposed Value Added Tax (VAT) sharing formula, which allocates 50 per cent based on equity, 30 per cent based on derivation, and 20 per cent based on population.  

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