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Please use this identifier to cite or link to this item: http://ngfrepository.org.ng:8080/jspui/handle/123456789/4841
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dc.contributor.authorAlbert Folorunsho-
dc.date.accessioned2021-10-14T14:57:47Z-
dc.date.available2021-10-14T14:57:47Z-
dc.date.issued2021-10-12-
dc.identifier.citationAlbert Folorunsho (2021) Review of the Case Facts and Lessons for Tax Authorities VAT - Ag. Rivers V. FIRS And Pending Suit On Stamp Duty & AG Abia State & 35 Ors V. AG Federation Examineden_US
dc.identifier.urihttp://ngfrepository.org.ng:8080/jspui/handle/123456789/4841-
dc.description.abstractVAT was introduced in 1993 to replace Sales Tax and came into force in 1994. Currently, VAT is administered by FIRS on behalf of the Federal Government and shared amongst the three tiers of government. Sharing formula is 15%, 50% and 35% amongst Federal, States and Local Governments respectively. In 2020, VAT emerged as the fastest growing tax revenue type with a total of ₦1.53 trillion Of the total amount generated, 51% was derived from import and international services. Five highest grossing states from VAT on local supplies are Lagos – 50.5%, FCT – 13.2%, Oyo – 2.9%, Rivers – 2.7% and Kano – 1.4%.en_US
dc.language.isoenen_US
dc.subjectVATen_US
dc.subjectTAXen_US
dc.subjectSTAMP DUTIESen_US
dc.subjectFIRSen_US
dc.subjectRIVERS STATE - NIGERIAen_US
dc.subjectCASE FACTSen_US
dc.subjectTAX AUTHORITIESen_US
dc.subjectSUITen_US
dc.titleREVIEW OF THE CASE FACTS AND LESSONS FOR TAX AUTHORITIES VAT - AG. RIVERS V. FIRS AND PENDING SUIT ON STAMP DUTY & AG ABIA STATE & 35 ORS V. AG FEDERATION EXAMINEDen_US
dc.typePresentationen_US
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