News Formal

More clarity on Finance Act will boost compliance –SWIT

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

The Society of Women in Taxation, Lagos State Chapter, has urged tax authorities to do more in analysing the Finance Act to members of the public to aid their understanding of the implications and fac

ilitate compliance.

During SWIT’s annual get-together event in Lagos, she expressed optimism on the outcome of the initiative. While highlighting some of its gains, she said, “Beyond the 7.5 Value Added Tax , the Finance Law will promote fiscal equity by mitigating regressive taxation, reform domestic tax laws and align with global best practices.

She said, “Presently, less than 40 per cent of Nigerians are tax compliant, this is because we do less about tax education to carry Nigerians along.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Please give us a link to the act/bill.

Well said!

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance Act will stimulate Nigerian economy — OsinbajoVice-President Yemi Osinbajo on Saturday asserted that the Finance Act 2020 would stimulate the Nigerian economy and put the country on the path of geometric economic growth.
Source: GuardianNigeria - 🏆 1. / 94 Read more »