Tag
TAX INCENTIVES
This opinion article provides insight on how tax incentives can fuel angel investing in Nigeria and Africa.
The chairman of the presidential committee on fiscal policy, Taiwo Oyedele, has revealed that the committee has proposed to the federal government the removal of taxes on food, public transportation, house rents, and other basic necessities critical to the wellbeing of Nigerians.
The Manufacturers Association of Nigeria (MAN) has thrown its weight behind the tax incentive initiative stating that it will help reduce production costs and encourage innovation in the country.
The Minister of Finance and Coordinating Minister of the Economy has said that the federal government intends to reduce the cost of tax expenditures and ensure that tax incentives have a positive impact on the economy.
Waiver of penalty for late payment of liabilities under PAYE that were due during the period when the state was under lockdown.
Foreign investors looking to invest have been advised to choose Nigeria as their first option for business.
The Nigerian government has been advised to review the country's tax incentive policy which currently costs the country huge revenue loss.