der the new Finance Act.
He said, “So, most digital and multinational technology companies do not have a physical presence in Nigeria, yet make significant income in Nigeria from online activities. The vice president said that the Finance Act was designed to generate more revenue for the government and improve the ease of doing business in Nigeria.
Okaiz so for a headline grabber, what the VP is trying to say is that companies into Digital products who don't have physical structures in our country but make huge amount out would now be liable to paying tax unlike before. I believe this is a very creative tax inclusion
Always extracting. Never creating and improving.
A great insight from our economy manager. We can't have them render paid services to us without taxing after gross profit.
That is another way of generating revenue
MSME (Small and Medium enterprise) are not affected with this new to help them improve. The bigger enterprise should pay more.
A great way to generate revenue, the act focus more on the rich while helping the small scale business to grow amidst competition
That is a step towards having more funds for development
yung_danny How can you read these two paragraphs in one breath? A whole Professor; make it make sense
Are we mad?
MissTimiTimz
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Source: GuardianNigeria - 🏆 1. / 94 Read more »