The Federal Government has unveiled a new tax framework aimed at bringing small businesses into the formal tax system.
..What Kind Of Video Is This Again.
The policy focuses on traders, artisans, and other micro-enterprises across the country.
It is designed to simplify how taxes are paid and to stop abusive collection practices.
The announcement was made through Nigeria’s Finance Ministry on Wednesday.
The new policy is called the Presumptive Tax Framework.
According to the government, the framework will replace complex tax procedures with a simpler and more predictable system for small business owners.
Officials said the move will improve compliance while protecting vulnerable entrepreneurs from harassment.
Speaking on the policy, the Executive Secretary of the Joint Revenue Board, Olusegun Adesokan, said the framework clearly outlaws the use of force in tax collection.
“It also bans the mounting of roadblocks for the collection of taxes.”
He explained that tax officials will no longer be allowed to stop traders on highways or in markets to demand levies.
Instead, collections will follow structured and lawful channels.
The Minister of Finance, Wale Edun, said the new tax regime is meant to support growth among small businesses rather than punish them.
“The objective of presumptive taxation is not to overburden small businesses, but to provide a fair, simple, and predictable framework for tax compliance.
“Our fiscal strategy is anchored on expanding the tax base rather than increasing tax rates. Inclusion drives sustainability.”
He made the remarks at the official launch of the scheme in Abuja on Tuesday.
Government officials added that the framework will help reduce multiple taxation and curb illegal levies imposed by local revenue agents.
They also noted that small businesses form the backbone of Nigeria’s informal economy and must be encouraged, not intimidated.
The initiative is part of a wider reform to boost national revenue without raising tax rates.
Authorities believe more citizens paying small, regular taxes will strengthen long-term economic stability.
Power Of Favour? (Silent, Spiritual,Powerful) Don’t beg to be favored. Command power of favor in your personal endeavors. Spiritual Consultation and Guidance on: Power of favor in your job, career, undertakings. Power of favor for achievement of desires. Overcome rejection, Overcome delays. Other matters, etc. Call/ WhatsApp Dr. J.A. FAROS on (Zero Seven Zero Three Zero Five One Four Zero Six Three) Sango-ota, Lagos, Nigeria. By the unlimited power of God desires become reality.
..How CCTV Mistakenly Record A Video Of..
Favor As Higher Power?
(The hidden truth)
Some positions in life cannot be held or retained for long if you are not favored. Favor is higher power. You are not the only one desiring, deserving, connected, powerful or qualified. Some positions in life, opportunities, success, achievements, triumphs, selection, approvals, power and position, elevation, patronage, etc, are mainly through favor. Favor is silent, spiritual and higher power. For spiritual guidance, other solutions, call/Whatsapp Dr J.A. Faros on 07030514063. With God, all are possible.