BusinessDay
Nigeria's leading finance and market intelligence news report.

More woes for Nigerian companies as FG plans tax increment for 2021 budget funding

…to review tax waivers

Already struggling with the impact of COVID-19, Nigerian companies may be faced with more challenges as the Federal Government plans to increase tax, review tax waivers/concession to generate revenue to fund its 2021 ‘Budget of Economic Recovery and Resilience’. With a budget deficit of N5.19 trillion, which represents 3.64 percent of Nigeria’s gross domestic product…



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