03 Jul Value Added Tax (Amendment) Act 2007
About the Law
This piece of legislation amends the Value Added Tax Act.
Some key provisions include:
- Certain exempted goods and services are to be taxed at zero rate
- Provides for the distribution of revenue: Federal – 15%, State – 50%, Local Government – 35%
You can read the full provisions of the Law here – Value Added Tax Amendment Act 2007
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