DT Brief: Deepening Conversation on Nigeria’s Tax Laws: Reviewing our Tax Systems|

Event Round-up: Deepening Conversation on Nigeria’s Tax Laws: Reviewing our Tax Systems | Agora Thursday New Dispensation 4/6

Speaker: Barrister Stephen Orji | Date: 29th June, 2023

Key Message:
Nigeria’s tax laws and systems are vital for fiscal policy and economic development. Taxes are a significant revenue source for the government to fund public expenditures and provide essential services to citizens. They are levies imposed on individuals and corporate entities conducting business within the country’s territory. Nigeria’s tax system consists of several types: Value-added Tax (VAT), Withholding Tax, Pay As You Earn (PAYE) Tax, Company Tax, Capital Gains Tax, Personal Income Tax, and Customs and Excise Duties. The Federal lnland Revenue Service (FIRS) and several State Internal Revenue Services are responsible for collecting taxes for the government.

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