Monday, July 3, 2017

Video - Nigeria government launches income declaration scheme to boost collections

Nigeria has launched a voluntary assets and income declaration scheme to boost its domestic revenue collection. The country has one of the poorest tax paying records in the continent but its mostly because of a poor system following years of reliance on oil revenue. According to the ministry of finance, a mere 20% of economically active Nigerians pay taxes-making it impossible for government to effectively finance development programs.

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