WHY IS IT STRUGGLING TO MEET ITS TAX TARGETS?

THE GOVERNMENT SAYS THAT VALUE ADDED TAX VAT AND COMPANY INCOME TAX HAVE BEEN ON THE INCREASE SINCE 2015.

NIGERIA WHY IS IT STRUGGLING TO MEET ITS TAX TARGETS?

The government says that value added tax (VAT) and company income tax have been on the increase since 2015.
A World Bank report last year said this was only partly successful with just 8% of the target achieved by the end of the amnesty period.

Nigeria could be facing a fiscal crisis if it doesn't improve its ability to collect taxes, the authorities have warned. Government expenditure has doubled and debt servicing costs have grown, but revenues have missed their...

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Article ID: 313823 Date: 8th September, 2019 Social Shares: 167
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