The Federal Inland Revenue Service (FIRS) has stated that Nigeria’s newly enacted tax laws are designed to strengthen economic competitiveness, attract investments and improve long-term fiscal stability.
In a statement on Monday, the agency also clarified that the much-debated 4 per cent Development Levy on imported goods is not a new or additional tax burden, but a streamlined consolidation of several existing levies.
In recent weeks, the new Nigeria Tax Act (NTA) and…
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