ARTICLE
13 April 2016

Tax And Economic Action Plans From The Recent National Economic Council Retreat

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PwC Nigeria

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On the 21st and 22nd March 2016, the National Economic Council held a strategy retreat at the state house in Abuja.
Nigeria Tax

On the 21st and 22nd March 2016, the National Economic Council held a strategy retreat at the state house in Abuja. The aim of the retreat was to develop strategic initiatives that would be implemented to diversify the economy and address revenue challenges.

Some of the key resolutions regarding revenue generation include improved collaboration between the Federal Inland Revenue Service ("FIRS") and the State Internal Revenue Services ("SIRS"), possible gradual increase in VAT rate, and tax harmonization.

Read our alert for more insights Download NEC retreat_Tax alert

Also link to the 71 action points as reported in the media NEC Retreat Resolutions

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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