# Tags

VAT Allocation Formula Fails Fairness Test, Says Adedeji

Dr. Zacch Adedeji, Chairman of the Federal Inland Revenue Service (FIRS), has criticised the existing Value Added Tax (VAT) allocation formula, describing it as unjust to the majority of Nigerian states. According to Adedeji, Lagos alone received 42% of VAT proceeds in October, with Rivers, Oyo, and the Federal Capital Territory (FCT) taking 16%, 5.2%, […]

Tax Reform Bills Spark Debate as Northern Representatives Highlight Regional Disparities

Members of the House of Representatives from northern Nigeria have raised fresh concerns about the four tax reform bills currently under deliberation in the National Assembly. At an interactive session with the Presidential Committee on Fiscal Policy and Tax Reforms on Monday, lawmakers particularly questioned the proposed amendment to the Value Added Tax (VAT) revenue-sharing […]

FIRS Updates VAT Filing Procedures on TaxPro-Max Platform

The Federal Inland Revenue Service (FIRS) has recently released important updates regarding the implementation of input Value-Added Tax (VAT) filing procedures through its administration solution, TaxPro-Max. This system offers a range of features, including seamless registration, tax filing, payment processing, automatic withholding tax credit, and other credits to the taxpayer’s accounts. To clarify, input VAT […]