There are over fifty taxes and levies collected by the federal, state and local governments in Nigeria. In addition to the plethora of taxes and levies in Nigeria, it is more worrisome where different taxes or levies on the same income or profits base is imposed by federal, state and local government tax authorities. These taxes and levies have significant cost implications for businesses and creates uncertainty for businesses and intending investors. Multiple taxation creates a hostile business environment for many businesses in Nigeria, and reduces Nigeria’s global competitiveness. It is also a significant contributor to the poor ranking of Nigeria on the world ease of doing business index.
