- 85 percent of VAT proceeds are allocated to the 36 state governments
- The Federal Government retains 15 percent of VAT funds
- FIRS official Loveth Ononuga encourages citizens to hold state governors accountable for financial spending
- Importance of tax payment highlighted for infrastructure development
- Government aims to harmonize tax collections to address multiple taxation issues
- Four proposed tax bills are expected to tackle illegal taxes
- Abdullahi Ismaila noted low tax payment culture in Nigeria and stressed the need for increased taxpayer awareness
- The current administration introduced four new tax bills to modernize outdated tax laws
- Effective communication strategies are essential for tax awareness and education
- The event focused on educating media practitioners about tax reporting and administration
- Emphasis on data management, international best practices, and innovative communication to enhance public trust
Source: guardian.ng
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
