Nigeria tax reforms: Concerns about value added tax allocation to states
Dec 1, 2024 #Nigeria #NigeriaEconomy #NigeriaTaxReforms
Nigeria’s parliament is set to approve the most significant tax reforms in the countr
Dec 1, 2024 #Nigeria #NigeriaEconomy #NigeriaTaxReforms
Nigeria’s parliament is set to approve the most significant tax reforms in the country’s history.
Four bills before the house aim to streamline tax laws by doubling value-added tax, raising taxes on the wealthy, and imposing levies to fund education and infrastructure.
But the most contentious aspect of the reforms is a plan to allocate a larger share of VAT proceeds to wealthier states.
Al Jazeera’s Ahmed Idris reports from Lagos, Nigeria.
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