The government of a state in Nigeria’s oil-producing Niger Delta region has said it would collect value added tax (VAT) in its territory rather than leaving it for a federal agency, a move that threatens the way the nation’s wealth is shared out. Under the political and fiscal system now, a range of taxes are collected nationwide by the Federal Inland Revenue Service (FIRS) and pooled centrally before being redistributed across all 36 of Nigeria’s states according to an agreed formula.
Source: devdiscourse.com
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