Tag
TAX WAIVERS
Mr Onyeama would be a poor businessman if he gets carried away with all of these nationalistic sentiments on something that is purely a business issue.
The Senate, through its Finance Committee, has made a significant push for the Federal Inland Revenue Service (FIRS) to aim for an ambitious tax revenue goal of N30 trillion in 2024.
The Chairman of the Presidential Committee, Tax and Fiscal Policy Reform, Taiwo Oyedele, on Friday, expressed concern over the implications of the country incurring losses of up to N6 trillion annually in tax waivers, which is about the same amount it generates in revenue.
He says if a waiver cannot be justified anymore because of the present circumstance, then such a waiver should be reversed or renegotiated.
The Civil Society Legislative Advocacy Centre (CISLAC) has reported that Nigeria loses $2.9 billion annually due to tax...
UNIC Foundation, a non-government organisation (NGO) has revealed the reasons why the Federal Government should provide tax waiver for startups.