Tax reliefs deprive FG of N5.16tn in 12 months

1 month ago 44

The Federal Government lost about N5.16tn to tax reliefs granted on Value Added Tax, Company Income Tax and Petroleum Profit Tax in 2020. This figure was arrived at after analysing data from the 2022-2024 Medium-Term Expenditure Framework and Fiscal Policy Strategy report. The report said Nigeria lost N4.3tn to reliefs on VAT, comprising primarily of…

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