Sentences with phrase «statutory value added tax»
The prices agreed include the applicable statutory Value Added Tax.
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«The amount disbursed comprised N387.32 billion from the Statutory Account and N80.53 billion from Valued Added Tax, VAT.
Other sources, Jonah said, were statutory allocation from which the state got N1.1 bn, budget support N1.1 bn, refund from Rivers State N57.5 m and value added tax of N618m.
According to her, the gross statutory allocation for the councils is N2, 158, 751, 253.97 and Value Added Tax (VAT) of N441, 407, 753.00.
These components are the statutory allocation, Value Added Tax distribution; and allocation made under the derivation principle.