Capital Gains Tax (CGT) is imposed by the Capital Gains Tax Act (CGTA) Cap C1 LFN 2004 at a rate of 10% when Companies and individuals in Nigeria make gains from the disposal of capital assets.
TAX SERIES BY ENIOLA- SEASON 2 TAX EVASION AND AVOIDANCE Episode 1 Effects of Tax Evasion and Avoidance “If the Lord loveth a cheerful giver, how he must hate the taxpayer!” – John Andrew Holmes. Everyone likes “awuf”.. Announce any treat to a group of people and the first, second, third and fourth questions will undoubtedly be: “Is it free???” The average human is wary of parting with any form of money. Everyone is ‘managing themselves’. The imposition…