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Nigeria Makes N2.33tn From PAYE In Three Years
According to data collated from the National Bureau of Statistics, the 36 states in Nigeria and the Federal Capital Territory have earned N2.33 trillion from Pay As You Earn in three years. PAYE is a form of personal income tax that refers to tax deducted directly from the wages and salaries of employees operating in…
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Only 10% Of Nigeria’s Population Pays Taxes
The Chartered Institute of Taxation of Nigeria has attributed the poor compliance of tax payment in Nigeria to lack of accountability and transparency in the expenditure of tax money by tiers of government. The body which made this claim at the 2021 annual tax lecture in Lagos made reference to a recent research by the…