This was done on Thursday at the National Economic Council meeting presided over by Vice President Yemi Osinbajo.Now headed to the National Assembly, it will provide more tax incentives for Nigerian businesses and individuals.
“Reduction of levy on motor vehicles for the transportation of persons from 35 percent to 5 percent; Exemption of small companies from payment of education tax under the Tertiary Education Trust fund . Companies with less than N25m turnover are eligible.”
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