Tax Reform Bills Expected to Enhance Nigeria’s Revenue Stream – ICAN

Chief Davidson Alaribe of ICAN suggested that current tax reform bills could significantly expand Nigeria’s revenue. He emphasized the need for modernizing tax laws to improve compliance and stimulate entrepreneurship. The event also highlighted the importance of participation from Micro, Small, and Medium Enterprises in the reform discussions.

Chief Davidson Chizuoke Stephen Alaribe, president of the Institute of Chartered Accountants of Nigeria (ICAN), stated that the proposed tax reform bills currently before Nigeria’s National Assembly will enhance the country’s revenue generation capability. He emphasized the importance of such reforms in cultivating a culture of tax compliance during a reception held in Lagos by the Student Pye Alumni in his honor.

The proposed tax reforms are crucial for Nigeria’s economic growth and revenue improvement. They aim to modernize outdated tax laws and enhance compliance, while also supporting entrepreneurial activities. Encouraging active participation from Micro, Small, and Medium Enterprises in these discussions will benefit the overall economy when the reform bills are enacted.

Original Source: tribuneonlineng.com