According to the Value Added Tax decree, item 40 (distribution of revenue) states that notwithstanding any formula that may be prescribed by any other law, the revenue accruing by virtue of the operation of this Act shall be distributed as follows, that is—(a) 15% to the Federal Government (b) 50% to the State Government and the Federal Capital Territory, Abuja and (c) 35% to the Local Governments.
Source: guardian.ng
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