Tag: Multiple taxation cripples growth in insurance

Insurance

Multiple taxation cripples growth in insurance, says expert

By Bankole Orimisan The government’s multiple taxes have directly and indirectly stunted business development in Nigeria, just as the Companies’ Income Tax (CITA) Act 2007, is further crippling performance in the insurance sector. CITA imposes minimum tax on companies where they have no taxable profits or taxable profits resulting in […]