The Nigeria Employers’ Consultative Association (NECA) has raised concerns over increasing tax burden on businesses amid a harsh operating environment in the country.
The association particularly alluded to some provisions of the Financial Bill, including the increased Tertiary Education Tax (TET) from 2.5 percent to 3.0 percent.
Adewale-Smatt Oyerinde, the director-general of NECA, in a statement on Wednesday, said the TET was increased without regard for the current economic situation faced by businesses.
