The Revenue Mobilisation Allocation and Fiscal Commission has called on the Federal Government to raise the rate of the Value Added Tax from the current five per cent to between 7.5 per cent and 10 per cent.
It said the need to increase the VAT rate...
Against the backdrop of dwindling state funds and the delay by the Presidency in working on the revised revenue formula for the federal, state and local councils, as well as the proposed pay package for political officers, the Revenue Mobilization, Allocation and Fiscal Commission...
