tax reforms
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Nigeria Taiwo Oyedele Advocates for Fair VAT Distribution Amid Northern Governors' Opposition
Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy, responded to Northern Governors' opposition to the proposed derivation model for VAT distribution. He argued for a fairer system that considers the location of consumption, emphasizing the need for equitable revenue sharing...- Nigeria News
- Article
- 2 min read
- northern governors revenue sharing taiwo oyedele tax reforms vat distribution
- Category: Business
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Nigeria FG Eyes VAT Hike to 10% as Part of Major Tax Reforms
The Nigerian government plans to increase value-added tax (VAT) from 7.5% to 10%, as revealed by Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee. The proposal aims to enhance tax revenue while concurrently reducing personal income tax for low earners and...- Nigeria News
- Article
- 2 min read
- 10 percent tax reforms value-added tax vat increase
- Category: Business
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Nigeria Tax Relief for Small Businesses as Nigeria Overhauls Withholding Tax System
Nigeria introduces sweeping tax reforms exempting small businesses, manufacturers, and farmers from withholding tax to alleviate financial strain. The changes also include reduced rates for low-margin businesses and measures to curb tax evasion. The Federal Government has announced significant...- Nigeria News
- Article
- 1 min read
- nigeria fiscal policy small business tax exemption small businesses tax reduction measures tax reforms withholding tax withholding tax reforms
- Category: Business
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