Nigerians are funny ๐. They will travel to the U.S. or UK, pay taxes on everything they buy or receive in the form of services, but complain about an ordinary 7.5% VAT in Nigeria
Dear Taxpayers, if you have not yet filed your taxes, a penalty of โฆ100,000 has been applied, with an additional โฆ50,000 accruing for each month of default.
Africa can unlock more than 469 billion dollars in additional annual revenue without raising statutory tax rates, according to the African Development Bank (AfDB).