A sound and dynamic tax system is a critical factor for economic development including job creation, social welfare, better standard of living. At the heart of this is the need for a clear and robust tax policy framework which must be properly implemented.
Nigeria's current National Tax Policy was approved in 2010 but has barely been implemented . To address this, the Minister of Finance recently set up a committee to review the Policy and make recommendations for effective implementation.
Areas of focus include key policy considerations regarding the following:
Review of the National Tax Policy document;
Enactment and amendment of the tax laws;
Effective implementation of the National Tax Policy;
Ensuring inter-agencies cooperation between revenue agencies toward enhancing the revenue of the Federation;
Review and expansion of Nigeria treaty network and Double Taxation Agreement regime;
Regular review of tax policy, legislation and administration; and
Any other issue.
Below is a copy of the invitation for input from all stakeholders for your action. I have also attached a copy of the existing tax policy for your reference.
Join the conversation, participate and contribute. Together we can make Nigeria great!