Also, the federal government has proposed introducing a tax payment option that enables individuals to pay their taxes in instalments.
It introduced this in the Nigeria tax bill 2024, recently submitted to the national assembly for consideration and approval, noting that each person now has the flexibility to fulfil their tax obligations either by making a single lump sum payment or by spreading the payments out over time and settling before the designated due date for filing.
The government also proposed the creation of a special account by the accountant-general of the federation for tax refunds.