It also noted a huge gap between the actual tax collected and its potential. It places the country at the bottom of the value added tax (VAT) collection efficiency ratio in sub-Saharan Africa (SSA). While the VAT collection efficiency ratios of countries like South Africa, Equatorial Guinea and Zambia are tending towards 70 per cent, Nigeria is about 20 per cent, the lowest in the region.
Source: guardian.ng
Latest Posts in "Nigeria"
- Nigeria Sets E-Invoicing Compliance Deadlines: Phased Rollout Begins April 2026 for Large Taxpayers
- NCAA Orders Overland Airways to Refund Passengers Wrongly Charged VAT Before January 2026
- Nigeria Sets E-Invoicing Rollout Dates for Medium and Emerging Taxpayers Through 2028
- Nigeria Expands E-Invoicing System to Medium and Emerging Taxpayers with Phased Rollout Timelines
- Nigeria Sets Timeline for E-Invoicing and Electronic Fiscal System Rollout by Taxpayer Category
