Kemi Adeosun, Minister of Finance, disclosed this in Abuja, Nigeria’s capital city when she received the newly-revised National Tax Policy (NTP) document.
The minister set up a 12-member committee to review the NTP, which was first drafted in 2012.
The new incentive for the MSMEs was part of the recommendations presented to the committee while the government would be happy to implement, Adeosun said.
Adeosun added that the new tax policy recommended the enactment of a number of legislation amendments, including the law on taxation of Real Estate Investment Trusts (REITs). Enditem