Problems relating to Trade and Investment on Nigeria
14. Taxation Systems |
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Issue |
Issue details |
Requests |
Reference |
| (1) Unlawful Tax Levy | - Employees of Federal Inland Revenue Service (FIRS) frequently resort to illegal tax collection without showing the governing legislative provisions. FIRS employees hardly pay any respect at all to observance of laws and regulations. | - It is requested that GON ensures all its employees observe the laws and regulations. | |
| (Info) - Corporate Income Tax: 30%, Value Added Tax 5%, Educational Tax: 2%, Industrial Training Fund: 1%, Personal Income Tax: Maximum 24% (Progressive tax). From time to time, additional separate tax is levied at provincial, local government levels. |
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