Post by Global Info📺 (@Cloud_9)

On March 4, 2026, Finance Minister Wale Edun signed the Presumptive Tax Regulations introducing a 1% turnover tax on eligible informal sector businesses (traders, welders, mechanics, tailors, shop owners, etc.). Nano/small ones with ≤₦12m annual turnover are exempt. Also bans roadblocks & cash collections.

On March 4, 2026, Finance Minister Wale Edun signed the Presumptive Tax Regulations introducing a 1%...

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