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Nigeria’s tax woes revealed by low active VAT accounts

…Higher compliance could boost VAT receipts 800%

Tax

Sourcing for revenues to fund Nigeria’s 2019 budget would have been a little easier if the country was able to widen its tax base, especially the proportion of its Value Added Tax (VAT) accounts that were active. Sources tell BusinessDay that of the over 1.5 million registered VAT accounts in 2018, only an estimated 77,000…

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