Nigerian Governors Support Tax Reform скачать в хорошем качестве

Nigerian Governors Support Tax Reform

On January 16, 2025, members of the Nigeria Governors' Forum (NGF) convened with the Presidential Tax Reform Committee to discuss crucial reforms to Nigeria's fiscal and tax systems. They pledged to modernise outdated tax laws to enhance fiscal stability and align with global practices. A key outcome was the endorsement of a new VAT distribution formula, proposing 50% based on equality, 30% on derivation, and 20% on population. The governors agreed to maintain current VAT and Corporate Income Tax rates, with exemptions for essential goods and agricultural products to ensure economic stability. Abiodun Kayode Alli, Senior Manager at PwC Nigeria, shares insights on the implications of these resolutions, the equity of the proposed VAT sharing formula, and the potential impacts on consumption and production incentives. He also discusses the governors' recommendations regarding development levies and the mixed sentiments surrounding the current tax structure. SUBSCRIBE to our YouTube channel:    / newscentraltvafrica   for more videos Follow News Central on: Facebook:   / newscentralafrica   Twitter:   / newscentraltv   Instagram:   / newscentraltv   LinkedIn:   / feed   Threads: https://www.threads.net/@newscentraltv TikTok:   / newscentraltv   For more content, go to: https://newscentral.africa #NewsCentral #Nigeria #Politics #AfricaFirst #Africa #News #WestAfrica #ECOWAS #Government #Governance