Lagos State is preparing for the rollout of President Bola Ahmed Tinubu’s new tax framework, emphasizing that its success depends on how well states put the reforms into action. The state has already begun updating its revenue portal ahead of the January launch to make the process smooth for businesses.
The reforms aim to protect small businesses, ensure the wealthy pay their fair share, and close revenue leakages, bringing more people into the tax system fairly. Lagos authorities stress that the changes are designed to support SMEs, not burden them, while strengthening local revenue for better public services.
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For small business owners and entrepreneurs, this is a clear signal to stay informed and adapt to the new system, which promises a fairer and more predictable tax environment.
