The Federal Government has banned the use of roadblocks for collecting taxes and levies across the country.
Announcing new regulations for the Presumptive Tax for the informal sector in Abuja on Tuesday, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said the reform is designed to stimulate economic growth.
He explained that the Presumptive Tax will be fair, transparent, and will exempt nano and small businesses to support their development and expansion.
