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Nigeria signs partnership agreement to curb tax evasion
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Nigeria signs partnership agreement to curb tax evasion

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Image result for Nigeria signs partnership agreement to curb tax evasionNigeria has signed two major multilateral instruments aimed at tackling tax avoidance and evasion.

Chairman, FIRS, Babatunde Fowler, says these are the Multilateral Convention, meant to Implement Tax Treaty Related Measures to Prevent Base Erosion Profit Shifting .

And the second being the Common Reporting Standard Multilateral Competent Authority Agreement.

The agreements will give Nigeria automatic exchange of tax and financial information among 101 tax jurisdictions.

This will also enhance the country’s ability to contain tax avoidance and evasion as well as share financial data.

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