The federal government has proposed a 5 percent excise tax on telecommunications services, gaming and wagering as part of a new bill to review Nigeria’s tax framework.
Tag: Tax
Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reform, said that if the new tax bill is passed by the National Assembly, wealthy Nigerians with monthly incomes over 100 million will face a 25% personal income tax rate.