Taiwo Oyedele, the chairman of the presidential committee on fiscal policy and tax reforms, says the proposed amendment to VAT distribution will create a fair system.
Aderonke OniTaiwo Oyedele, the chairman of the presidential committee on fiscal policy and tax reforms, says the proposed amendment to value-added tax distribution will create a fair system.of the proposed tax amendment bill by the Northern States Governors Forum , Oyedele said the current model for distributing VAT affects many states.
“Our proposal aims to create a fairer system by devising a different form of derivation which takes into account the place of supply or consumption for relevant goods and services whether they are zero rated, exempt or taxable at the standard rate.
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