‘Africa needs to accelerate framework for digital tax’

Stakeholders have emphasized the urgency for African nations to develop and implement new tax frameworks aimed at curbing revenue losses due to illicit financial flows and tax evasion. This call to action comes as Nigeria and other countries on the continent reportedly lose billions of dollars annually. The discussions took place during a Training Workshop Programme, where participants highlighted the importance of addressing taxation in the digital economy to prevent further revenue leakages. The need for a coordinated approach to digital taxation was underscored as essential for enhancing fiscal stability across Africa.

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