2.5 Taxing Power of State

The three-tier division (Articles 56-60 + Schedules 5-9 — the fiscal federalism's core): Tier The list The tax faces Federal Schedule Income tax, VAT, customs, excise — the national taxes Provincial Schedule The province's own taxes (the entertainment-type, the service- type, the provincial excise faces) Concurrent (federal- provincial) Schedule The shared heads Local Schedule The property-and-land taxes, the business-type rates, the fees Concurrent (all three) Schedule The revenue-sharing faces (the VAT-and-excise pool) The principles: (i) the legality at every tier (the two-link chain: the constitutional list + the enabling statute — LAW 309's doctrine); (ii) the finance's assignment follows the functions' assignment (who does what taxes what); (iii) the NNRFC's machinery (Articles 250-251: the revenue-distribution recommendations; the equalisation grants; the disputes' mitigation); (iv) the vertical-and-horizontal imbalances' management (the transfers — the IGFA's operation).