Nigeria Set to Introduce Progressive Tax Adjustments
Finance Minister today unveiled proposed tax reforms aimed at easing burdens on low-income families while tightening compliance among high-earning corporations.
Measures include raising personal income tax thresholds, introducing digital transaction levies, and expanding VAT to cover luxury goods.
Revenue authorities estimate these reforms will increase annual tax collection by 15% without harming economic competitiveness. The proposal is now open for public review and stakeholder consultation over the next 8 weeks.
Adedayo Obadina
Talksocialtalks
