70% revenue to state, 30% for LGs, things to know about Rivers VAT Law 2021 - Punch Newspapers

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The governor also said N46.4bn was collected from Lagos State in the same month but the Federal Government gave Lagos N9.3bn. “Sometimes, you don’t want to believe these things exist,” he added.

2. Section 8 of the law stated that taxable persons or business entities must register with the Board within six months of the commencement of the law or earlier. Failure to do so attracts N50,000 fine for the first month and N100,000 fine for subsequent months. 4. Section 15 of the law stated that taxable persons or companies are required to render an account to the Board on or before 21st day of the succeeding month of the goods and services purchased or supplied in the previous month.

 

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WIKE na thief... he dey do wetin Federal government been dey do am to Local government. Why can't the LGs take more than 30% since it is dia LG🤔

When you were high on coke you didn't see the injustice . Now that you are sober and the veil taken from your eyes you now know how the Fulani has been playing you for a fool. Another joker hope you remain sober.

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