The Big Question: “Taxation”

The new tax law has just been announced. Low-income earners and small business owners seem hopeful, but is this hope justified?

Has the harsh approach to tax collection truly ended? Is a fairer system now in place?

If so, starting a small business may no longer come with the fear of losing money before making any profit. People may now pursue their business goals more confidently. Foreign investors might also be encouraged to explore the market. We could all have a piece of the “Nigerian dream!”

There’s talk of more job opportunities and tax incentives for low-income earners. But the real issue is implementation.

Will the law be applied as intended, or will new levies emerge under a different name? Tax collectors still have targets; will those targets reflect the new policy?

That’s the big question.