In light of the economic hardship and financial conditions of Nigerians, The Federal Government looks forward to receiving taxes in piece meal. Making a vital part of the Nigeria Tax Bill 2024 which was submitted to the National Assembly for consideration and is pending approval.
In a bid to boost the revenue collection process, a special account will be created by the accounts general This entails that people can pay taxes in bits as against the former method which included lump sums, this is made possible by spreading the payment and making sure they are settled before the due date.
