Surplus tax on banks’ foreign exchange earnings recuperation strategy for Nigeria’s economy
The federal government says the proposed 50 percent windfall tax on banks’ foreign exchange gain in 2023 would be a recovery plan to balance the country’s economy. The Chairman of the Federal Inland Revenue Service, Zacch Adedeji disclosed this on Monday at the Senate Committee on Finance, in the company of the Minister of Finance, Wale Edun. He noted that while the banking sector declared FX gains, the manufacturing sector […]
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