The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) is advocating for a unified tax payment system in Nigeria. This proposal aims to streamline tax payments, reduce complexities, and promote ease of doing business in the country.
A unified tax payment system would likely benefit businesses, especially small and medium-sized enterprises (SMEs), by simplifying tax compliance and reducing the burden of multiple tax payments. This, in turn, could boost economic growth, increase revenue generation, and enhance Nigeria's competitiveness.
While I couldn't find the latest news on ECCIMA's proposal, it's worth noting that a unified tax payment system aligns with global trends. For instance, the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) has made significant progress in reforming the international tax system.
Interestingly, this proposal aligns with global trends, as the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) has made significant progress in reforming the international tax system.²
I'll keep an eye out for updates on ECCIMA's proposal and its potential impact on Nigeria's tax landscape.
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