Tag: OSIWA
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MSMEs contribute only 4% to total domestic tax revenue – PEF Research
Findings by the Private Enterprise Federation (PEF) in collaboration with the Open Society Initiative for West Africa (OSIWA) Project have revealed that Micro, Small and Medium Enterprises (MSMEs) in the country contribute only 4 percent to total domestic tax revenue despite making up about 92 percent of registered companies in the country. According to them,…
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Make tax compliance less burdensome for MSMEs – PEF to Gov’t
The Private Enterprise Federation (PEF), has asked government to adopt a tiered tax system to reduce the tax burden on businesses, especially Micro, Small and medium sized enterprises in the country. According to PEF, this will help government generate adequate revenue, encourage voluntary tax compliance and reduce the cost of tax administration in the country.…