FG to review tax laws

The Federal Government has commenced a six-week review of new tax laws to identify implementation gaps and address concerns raised by the organised private sector and other stakeholders. The review will examine areas including Value Added Tax thresholds, withholding tax, capital gains treatment, and multiple taxation. President Bola Tinubu signed four new tax bills into law last year, including the Nigeria Tax Bill and the Nigeria Tax Administration Bill. The review aims to address consequences that have emerged since their implementation.

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