Nigerian Survey Finds Low Tax Trust, High Informal Levy Exposure
What happened
A survey conducted by the Nigerian Economic Summit Group across 36 states and the Federal Capital Territory found that 74.4 per cent of households recognize the government's right to collect taxes. However, trust in tax authorities was low, scoring 2.01 out of four points. The survey also revealed that 67.2 per cent of households encountered informal levies, and 13.9 per cent of businesses were asked to pay illegal charges.
From promptnewsonline.com
Why it matters
The findings, presented at the 32nd Nigerian Economic Summit in Abuja, highlight concerns regarding the burden of multiple payments on businesses and households. The results examine how the government could rebuild public trust and encourage voluntary tax compliance.
The Nigerian Economic Summit Group examined the Nigerian economy and development in Abuja.
From promptnewsonline.com
Who's involved
- AbujaThe location where the survey findings were presented.
- federal governmentThe government whose tax collection and public trust are examined.
- NigeriaThe sovereign state where the survey took place.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- federal governmentSpeculative
The federal government might face pressure on federal revenue administration due to low public trust and multiple levies.
- Kaduna StateSpeculative
Kaduna State could see changes in state revenue collection and administration due to federal tax harmonization reforms.
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The entities involved
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Abuja
capital city of Nigeria