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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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