Discussion on taxation reform in Nigeria

Photo by Jon Tyson- Ask Nigeria

Tax evasion is a major factor preventing the country from moving forward.

TVC News Nigeria gives us a report from experts weighing in on tax reforms.

Nigerian experts have recommended that the government consider implementing an efficient and effective tax system as a means of diversifying the nation’s economy. The government of Nigeria has been exploring options for diversifying the economy, as the nation is heavily reliant on oil revenue. One option that has been suggested is to implement a more efficient and effective tax system. There are many benefits to implementing a better tax system. For one, it would increase government revenue, which could be used to invest in other sectors of the economy. Additionally, it would create a more level playing field for businesses, as those who are currently evading taxes would be forced to pay their fair share.


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Ask Nigeria
1 month ago

Discussion on taxation reform in NigeriaTax evasion is a major factor preventing the country from moving forward.Express your point of view.

theApr
Member
1 month ago

Paying tax is not the problem, as a vast majority already do. The problem will these guys channel the funds to right quarters for proper utilization? Speaking of diversification of economy, which is a good one, agriculture, manufacturing are options to be explored too. The country is really blessed with potential sources of revenue.

Adeolastan
Member
1 month ago

Most of the local and multinational companies in Nigeria evade tax or not paying appropriate amount that is expected of them and this is really reducing the amount of tax generation of the government.

Kazeem1
Member
1 month ago

Nigeria is heavily reliant on oil money, which by itself will not be sufficient to cover the cost of running the country, it is in the best interest of the government to implement this tax reform.

Godsewill Ifeanyi
Member
1 month ago

Nice idea from the experts that suggested this because it will improve the tax system in the country and ensure payments go smoothly and easily

Last edited 1 month ago by Godsewill Ifeanyi
Adesanyaj72
Member
1 month ago

This change for tax will really the in boosting tax payments and that can be used to grow other sectors and Industries we have in the country.

Nwachukwu Kingsley
Member
1 month ago

Businesses would benefit from this tax change because individuals currently dodging taxes would be obliged to pay their fair amount.

Bola12
Member
1 month ago

Tax generally should be a source of revenue to the country, but in this Nigeria tax is a source of revenue to the politicians

Remi1
Member
1 month ago

I like this move from the government because now it means the government can get more income through tax generation which can be used to boost the economy.

Hassan Isa
Member
1 month ago

I propose that as a means of broadening the country’s economic base, the government think about enacting a more equitable and progressive tax structure.

Christiana
Member
1 month ago

.

Last edited 1 month ago by Christiana
Chibuzor
Member
1 month ago

This is a nice idea from the government because with the reform people won’t be avoiding tax payment anymore because it will be more convenient for them.

Christiana
Member
1 month ago

The only thing annoying about this tax reform is that, even after putting effective tax system in place, the revenue gotten from it will not be used to satisfy the need of the public

Tolaniiii
Member
1 month ago

An efficient and effective tax system is what we need right now, this country has been depending too much on oil revenue which has not really been yielding good returns of recent

Taiwoo
Member
1 month ago

Reforming the tax will go a long way for businesses it will help them to be able to gather extra profits

Iyanu12345ogg
Member
1 month ago

Paying of taxes is one of our responsibility as duties to the country.
What is the essence of taxing system that is not properly channel every citizen? it will make a lot of sense to implement taxing system that will ensure citizens pay their taxes at the appropriate time.

Last edited 1 month ago by Iyanu12345ogg
Haykaylyon26
Member
1 month ago

Tax is one of important income of government and when this tax is collect it as to be done on what will benefit citizen because it is the citizen money but we are not seek g the usefulness of our tax although people dodge from paying tax which is not right a better way of collecting tax should be implement which will be easier and meaningful

Ultra0711
Member
1 month ago

It is of no doubt implementing tax will increase generated revenue but if at all the tax will be imposed, it should be done in a way that leverages it on everyone according to the law, leaving no one out as there are some people and that do evade tax will is not legal.

Tonerol10
Member
1 month ago

Tax is very important in every country. But in this our country Nigeria has no record when it come to tax. Our so called government can not even give record of the previous tax they have collected so far. What good have they done with the tax. They really need to seat up not always implementing

DimOla
Member
1 month ago

I hope this could be realistic since government are the problems of themselves. Must wealthy personality in our society are the one defaulting and averting tax payment while the middle class are heavily taxed. If proper and efficient system is formulated with will go a long way benefiting the country.

jdpumping
Member
1 month ago

Nigerians are so good at no paying their taxes,at times people belief the government are not doing their jobs so why collect tax from me and I do not benefits anything from the government even social amenities.Te government need to do more for people to belief in them again and better and effective way of collecting tax should be put in place.

SarahDiv
Member
1 month ago

The government should leverage on tax to diversify the economy. At this time it will be wrong to implement taxing system that is not properly channel to the right set of people. The rich and the wealthy should be taxed more that the mid or lower class. What we are seeing today is that the mid class are heavy taxed than the rich and wealthy. Sometimes these crops of rich are not taxed at all because they buy their way through. Government should implement a working system that is reflective and efficient.

Abusi
Member
1 month ago

A lot of Nigerians are evading tax and that’s very bad for our country. Paying of taxes is one of our responsibility as duties to the country. The taxation system should be overhauled and restructured in a way to ensure citizens pay their taxes at the appropriate time