In a bid to help their businesses thrive, and lessen their tax burden, the Federal Government has initiated a plan that would exempt operators earning N25 million a year or less from the various taxes hindering their progress over time.
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, stated this at the closing session of the committee hearing on Sunday in Abuja.
He noted that the government was working on a system that would provide tax relief to 95 percent for the informal sector.
