He encouraged small businesses to register with the Corporate Affairs Commission (CAC) to enjoy corporate tax rate at zero per cent, and also be exempted from paying 4 per cent development levy. He said the President had ordered that all should be done to ensure small, medium and nano businesses thrived instead of killing the businesses with different taxes. This, he said, was part of the CAC SMEDAN partnership where the corporate Affairs is registering small businesses for free. “Under this new reform tax law, employees are completely exempted from all forms of taxes.”He said, “For big companies, there is a provision to reduce their corporate tax rate from 30 per cent to 25 per cent. He said this is in addition to Tinubu’s initial N50 billion for nano businesses, N75 billion for the SMEs, and N75 billion for manufacturers.