The Chief Executive Officer of 11PLC, Otunba Adetunji Oyebanji, has raised concerns that Nigeria’s recent tax reforms, particularly the sharp increase in capital gains tax (CGT) for companies, could deter major investments in the country.
Nigeria’s long-awaited tax reform laws have been officially published in the government gazette, marking a major step in overhauling the country’s fiscal framework.
The Federal Government has introduced a new bill proposing a 5% excise duty on telecommunications, gaming, and betting services as part of a broader effort to overhaul the nation’s tax framework.
