According to reports made available to Throwback Times Nigeria and attributed to Senator Ireti Kingibe, who represents the Federal Capital Territory (FCT).
She raised concerns over Nigeria’s tax reforms, revealing that many Nigerians are unaware that 25% tax policy had been passed by the National Assembly but that its implementation was being delayed until after the 2027 general election.
The tax law will mandate banks to deduct 25 percent of every transaction made by Nigerians, although, narration (purpose) of the transaction would help moderate the process.
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