Nigeria: The Necessary Step On Taxation

13 February 2018
opinion

The Federal Government is reported to have directed money deposit banks to release information on the income and assets of their customers to the tax authorities with a view to enforcing extant tax regulations.

This step is within the context of the Common Reporting Standard (CRS) programme agreed by several countries to enable them exchange information on the assets of high net-worth citizens and enforce tax compliance.

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