Nigerian tax authorities are turning their attention to the informal sector, where millions of micro-enterprises operate outside the formal tax net. A legal framework now provides for simplified tax returns, lowering the compliance barrier that has historically kept small-scale operators from regularising their tax affairs.
The simplified return mechanism is designed to reduce paperwork and eliminate the complexity that often deters micro-business owners. By streamlining the filing process, the law aims to capture revenue from the vast informal economy without imposing disproportionate administrative costs on either taxpayers or the revenue authority.
This development forms part of broader efforts to widen Nigeria's tax base beyond the relatively narrow pool of formal sector employees and corporate entities.
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