In this video, we unravel the complexities of Nigeria’s tax system, focusing on the challenges it faces and the strategic solutions needed for a more robust and inclusive tax environment.
We dive into the heart of Nigeria’s economy, exploring the intricacies of the informal sector. We uncover the difficulties in taxing informal businesses, their impact on revenue, and discover innovative strategies designed to bridge the gap between informal businesses and tax compliance.
We propose tailored solutions, including simplified taxation procedures, education and outreach programs, and collaborative efforts with informal associations. We also suggest effective strategies aimed at capturing revenue from the informal sector.
You’ll also learn strategic measures to combat tax evasion and avoidance, including strengthening tax laws, implementing transfer pricing regulations, fostering international cooperation, enhancing transparency, and introducing whistleblower programs. Learn how these measures collectively contribute to creating a more robust and responsive tax system in Nigeria.
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About the Author
Olatunji is the founder Taxmobile.Online and Managing Partner/CEO of AOA Professional Services. Prior to this, Olatunji worked as Director, Tax & Regulatory Services at Nolands Nigeria Professional Services, Senior Manager -Tax, Regulatory & Advisory Services at Saffron Professional Services.
Olatunji through this YouTube Channel “A Stitch in Tax, Saves Cash,” offers invaluable insights, updates on tax laws, and practical tips for effective tax planning in Nigeria.
Whether you’re a seasoned professional or a novice, Olatunji’s expert guidance will help you stay ahead of regulatory changes and enhance your understanding of tax management.
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