Part I of this article focused on the incompatibility with World Trade Organization (WTO) rules of GCT levied solely on imports. This part observes that regional and inter-regional trade arrangements entered into have as well constricted policy.
Analysis of the 2023 Tax Amendment Acts…the way forward thebftonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebftonline.com Daily Mail and Mail on Sunday newspapers.
FIRS directs banks to deduct N50 stamp duty on int l transactions from Jan 2021 thecable.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecable.ng Daily Mail and Mail on Sunday newspapers.
Based on this new rule, stamp duty will apply to foreign transactions of $11.02 (at N907.11/$) and above. The EMT levy was introduced in the Finance Act 2020