To widen Nigeria’s tax net, a global accounting firm, Stransact, has urged the Federal Government to create systems that would improve data collection of business transactions across the country. This, the firm advised, would make the government achieve a more holistic inclusion of tax payers. He explained that the COVID-19 pandemic has created a major impact through a significant up-scale in the level of digital and electronic transactions. According to him, if proper strategies, systems and human drivers (with the required technical depth and experience) are effectively harnessed, tax could be a dependable source of revenue for Nigeria, in no time. All these and other related developments, he added, would further create an increased demand for professional services.

Source: The Guardian August 27, 2020 04:18 UTC