Investor Presentaiton

Challenges of Nigeria Tax System > According to the National Tax Policy (2016), despite the potentials of taxation as a dynamic tool for sustainable national development, Nigeria tax system has been unable to achieve its objectives due to the following challenges, among others: ✓the need to grow internally generated revenue which has led to the arbitrary exercise of taxing powers; ✓ lack of clarity on taxation powers of each level of government and encroachment on the powers of one level of government by another; on tax compliance ✓insufficient information available to taxpayers requirements thus creating uncertainty and non-compliance;

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