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A Deep Dive Into Nigeria’s Proposed Tax Reforms
Posted
October 23, 2024
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October 23, 2024
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9:35Now PlayingNigeria is proposing reforms that seek to increase the simplicity and efficiency of its tax administration.
The chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, Says wealthy Nigerians earning ₦100 million and above monthly will potentially face a 25 per cent personal income tax rate.
However, Nigerians earning below 1.5 million Naira will be exempted from the proposed tax regime.
Gist Nigeria’s Wale Fakile speaks to experts to explain what to expect if the new tax bill is passed by the National Assembly.
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