Browsing: Value Added Tax

The shared amount comprised the Month’s Statutory distributable revenue of N317.562 billion, the gross revenue available from the Value Added Tax was N79.985 billion as against N84.673 billion distributed in the preceding month, resulting in a decrease of #4.688 billion

It would be recalled that Shettima Umar Abba Gana, the Acting Chairman of RMAFC, had in July 2016 canvassed for the upward review of value added tax from 5 per cent to about 7.5 per cent in order to improve the country’s revenue base