The Federal Government has intensified efforts to tackle tax abuse and the diversion of goods from Nigeria’s free trade zones into the domestic market.
The move is aimed at strengthening compliance with regulations governing free zones and preventing businesses from exploiting the special incentives provided to operators.
Authorities are expected to step up monitoring of activities within the zones, particularly the movement of goods and compliance with applicable customs and tax requirements.
The government’s renewed focus is also intended to protect legitimate businesses, improve revenue collection and ensure that incentives granted to free-zone operators are used for their intended purposes.
Operators have been urged to comply with relevant laws and regulations, while government agencies responsible for taxation, customs and free-zone administration are expected to improve coordination.
The crackdown forms part of broader efforts by the Federal Government to reduce revenue leakages and strengthen Nigeria’s fiscal system.
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