Nigeria’s Chartered Institute of Taxation has urged for a comprehensive review of the nation’s international tax laws in order to create a framework that will boost tax collections there.
The 25th annual tax conference of the institution, with the theme “Nigeria of the future: Achieving sustainable development through taxation,” was held in Abuja.
“Urgent attention to countermeasures of tax avoidance by multinational enterprises has become important, therefore, there is a need to conduct a holistic review of our international tax policies including multilateral and bilateral agreements with a view to having a strong legislative framework that will increase tax revenue in Nigeria,” the CITN noted