Nigeria's President Tinubu introduces a single-digit tax system with a maximum of nine taxes and focus on tax base expansion.
President Bola Tinubu has instructed a single-digit tax system in Nigeria, with a maximum of nine taxes. The Federal Inland Revenue Service (FIRS) will focus on expanding the national tax base and not introduce new taxes or raise existing ones. Tinubu's economic plan includes introducing a consumer credit scheme, simplifying payment processes for importing businesses, and investing in infrastructure improvements, particularly in transportation networks.
March 27, 2024
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