Tinubu's Tax Changes 'll Create More Conducive Business Environment - Okumagba

According to Olorogun Okumagba, with an efficient fiscal policy regime, effective taxation system driven by tax law reforms, and harmonization of taxes, amongst other measures, government will be well on track to improve our tax to GDP ratio, which is ranked one of the lowest in the world, and accounts for why the nation is heavily dependent on borrowing, even borrowing to service debtsIn drumming support for President Tinubu’s agenda, the former Delta State Commissioner of Finance drew the...

Other benefits for the economy derivable from the new executive orders on tax deferment and suspension, according to the former Delta State Commissioner of Finance include the need to make revenue levels more progressive and sustainable, reduce the nation’s dependence on natural resource revenues and foreign “handouts”, elevate the role of taxation in state-building and create a greater understanding of its impacts on sustainable growth.

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BREAKING: Tinubu suspends 5% telecoms tax, defers finance act to Sept 1 | TheCablePresident Bola Tinubu has signed four executive orders, including the suspension of the 5% excise tax on telecommunication services, as well as the excise duties escalation on locally manufactured products.
Fuente: thecableng - 🏆 2. / 80 Leer más »