Nigeria’s new 4 percent development levy, which replaces four sector-specific taxes, is set to reshape how companies calculate and remit their statutory obligations by unifying multiple payments into a single charge on assessable profits.
The reform aims to simplify a historically fragmented corporate tax environment, reduce compliance complexities, and make statutory obligations more predictable for businesses across all sectors.
According to Bolutife Desile, a tax associate at ǼLEX Legal Practitioners and Arbitrators, the consolidation
