The Chairman of the Alliance for Economic Research and Ethics (AERE), Dele Oye, has said Nigeria could unlock billions of naira in additional revenue by integrating the country’s vast faith-based economy into a more formal and transparent tax framework under the new tax regime. He believes that the Nigeria Tax Act (NTA) and the Nigeria …
KPMG has flagged key concerns over the Nigeria Tax Act (NTA) and the Nigeria Tax Administration Act (NTAA), warning that several provisions could create legal uncertainty. The firm outlined the errors and gaps in a recent report titled ‘Nigeria’s New Tax Laws: Inherent Errors, Inconsistencies, Gaps and Omissions.’ Pinnacle Daily reports that the implementation of …
Social media users have begun to raise concerns that landlords will hike rents because of a provision in the new tax law. Their worries bordered on the provision of the 20 per cent relief on annual rent and up to ₦500,000 relief the new tax law provides. In a Facebook post, a social media user …
