FG Wants Equitable VAT Redistribution Amid Tax Reform Debate …C0NTINUE READING HERE >>>
The Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has called for a more equitable distribution of Value Added Tax (VAT) proceeds, highlighting disparities in the current system.
Speaking during a House of Representatives session on proposed tax reform bills, Adedeji criticised the existing allocation structure, which disproportionately benefits a few states like Lagos, Rivers, and Oyo.
Adedeji revealed that Lagos alone receives 42% of VAT proceeds, followed…
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