Nigeria new tax law where the Rich will pay more tax than the poor- FEC

An update put together by the Attorney-General of the Federation, Abubakar Malami, for a review of the country’s tax collection laws The Federal Executive Council has it.

“It is some what untimely to discuss what precisely the review are. I am certain that they would be counseling generally and unquestionably, any review won’t go for the individuals who can’t bear the cost of it. It would be pointed more at the rich instead of poor people,” he said.

The review is liable to see rich Nigerians pay more under new duty laws, the Minister of Budget and National Planning, Senator Udo Udoma, said, while instructions writers, alongside the Minister of Information and Culture, Alhaji Lai Mohammed, after the FEC meeting.

Mohammed, on his part, clarified that the audit got to be basic in light of the fact that the Federal Government had seen a few insufficiencies in the present duty administration.

He said the insufficiencies were being abused by both people and corporate associations to dodge charge which has prompted loss of income to the legislature. The survey, he said, was gone for stopping the provisos.

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