Victor Athe is a Partner, Tax Services, Stransact Chartered Accountants and Audit, an RSM correspondent firm in Nigeria. In this interview, Athe speaks on why Nigerians are feeling overburdened by existing taxes and VAT, the 2023 finance Act, public debt to GDP ratio and how the Federal government can harmonise tax collection among other issues.
What is the philosophy of Stransact Chartered Accountants and Audit in offering support to businesses?
What are the key challenges and opportunities for businesses in relation to taxation in the current economic and regulatory landscape? After a decade of heavy borrowing to fund infrastructure expansion, the ratio of public debt to GDP in Nigeria increased… On assumption of office, the current Acting Federal Inland Revenue Service Chairman also immediately expressed commitment to significantly improving the nation’s tax-to-GDP ratio from the then 10 per cent to as much as 18 per cent. There is clearly an inverse relationship between the public debt-to-GDP ratio and the tax-to-GDP ratio.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Don reveals why many Nigerian youths still engage in ‘japa’ syndromeA scholar of Systematic Theology at the National Open University of Nigeria (NOUN), Professor Godwin Akper, has revealed that the unpalatable Nigerian environment is pushing many Nigerians out the country to the developed nations known as “japa”.
Read more »
Why Nigerian govt issued N8trn treasury bills – Finance Minister, EdunMinister of Finance, Wale Edun, has said that the Nigerian Government issued N8 trillion in government security, known as treasury bills, to stabilize and boost the economy. He disclosed this in an interview with journalists on Thursday during the International Monetary Fund, IMF/World Bank spring meetings in Washington D.C.
Read more »
Why Nigerian teachers are hardly richThe Nation Newspaper Why Nigerian teachers are hardly rich - Reno Omokri
Read more »
Surrogacy Is A Crime In Nigeria – Lawyer WarnsA Nigerian lawyer, Sunny Ekwuwusi has warned that surrogacy is a crime under the Nigerian law.
Read more »
Victor Boniface: Leverkusen boss Alonso makes you ‘up your game’Bayer Leverkusen and Nigeria striker Victor Boniface said Xabi Alonso has a particular advantage over other coaches on the training pitch.
Read more »
Napoli’s hunt for Victor Osimhen’s replacement leads to Terem MoffiNapoli is exploring potential replacements for star forward Victor Osimhen, who is expected to leave during the summer transfer window. Super Eagles striker Terem Moffi, known for his goal-scoring prowess in Ligue 1 with OGC Nice, has caught the attention of Napoli as a possible replacement.
Read more »