Nigeria's Corporate Affairs Commission (CAC) has begun the process of deregistering 100,000 companies for failing to comply with annual tax return regulations. This enforcement action aims to improve tax compliance among businesses operating in the country. The large-scale deregistration highlights the government's commitment to regulatory adherence and may impact many companies across various sectors.
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Loss of 100,000 registered entities may shrink the formal economy.
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<a href="https://news.google.com/rss/articles/CBMi2AFBVV95cUxPQ2JRbVJ6cTMzNmJGYU9MdFhYdThkUDlQc0tWWmp2TkZLMW1RRXlxWWxGMmgwbllLSVREUEV1cFpmV0xxUE51RVJ0WEtTVWFZVjZoTjBtZzJKdHRxUXk4VHU5V0pkZy1VNnlVTHZvZHpIdUQ3cjA2OFh3dTNSZGNXaFpCWmxrNFVyMnV6d241MmF4RWE4bjdBMVgwLU9PODZHbEpST3VrVEczeC1sOUlBNGItWldSRnpmczc0N280NHNpVGgzc2lsbjZwdThCeDFmVkl1aU1TUTM?oc=5" target="_blank">Nigeria: CAC commences process to…
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