Abuja - Nigeria now ranks among the top 20 countries in the world with the least friendly tax administration system according to a tax process assessment conducted by the World Bank and PriceWaterhouse Coopers (PwC).
With the latest report, Nigeria did better than 19 countries globally in terms of measuring all the mandatory taxes that a medium-sized company must pay in a given year., reports Guardian.
Taiwo Oyedele, PwC’s Head of Tax and Corporate Advisory Services, said the position was in sharp contrast to the 155th position the country was ranked in 2012 out of the 185 countries that were surveyed.
He blamed the country’s poor performance on the issue of multiple taxation that compelled companies to pay different types of taxes at the federal, state and local government levels.
Read more at Guardian