Business Nigeria drops to 170th place on global ease of paying taxes - BusinessDay

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PricewaterhouseCoopers (PwC) has ranked Nigeria 170th out of 189th countries on its 2014 global ease of paying taxes report.

With the ranking, Nigeria just did better than 19 countries globally in terms of measuring all the mandatory taxes and contributions that a medium-sized company must pay in a given year.

Regrettably, Nigeria has been going down the ranking in the past few years and in the previous year’s report which covered 185 countries, it took 155th place.

The paying taxes index is one of the eleven indicators that the World Bank uses in determining its ease of doing business globally.

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Source: BusinessDay Newspaper

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