Technology is also being used for the purpose of assessing and collecting stamp duties; as well as for the automation of VAT collections in the retail, banking and telecommunications sectors – with more sectors being explored for onboarding.
Companies operating in Nigeria used electronic channels in paying company income tax the most in 2020, in a manner not seen in the last five years.
Although a decline in the total amount in taxes in the year 2020, operating companies wired a total of N238.1 billion as company income tax (CIT) in
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