Insurance stakeholders seek govt’s support on tax issues

Nike Popoola Stakeholders in the nation’s insurance sector have called on the government to support the industry’s growth and development by collaborating with stakeholders to work out ways of streamlining the taxation applicable to the sector. This was the major […]

How the Nigerian Tax System cripples Insurance development in Nigeria

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 […]

NICON hotel, Insurance sealed over N392m Tax debt

Ifeanyi Onuba and Friday Olokor, Abuja Operatives from the Federal Inland Revenue Service on Thursday sealed the NICON Luxury Hotel and the NICON Insurance Plc. Both companies are said to be owing N392,623,765.00 as tax liabilities to the Federal Government. […]

The effect of Income Tax on Profit Yield In Insurance Sector

Multiplicity of taxes have directly and indirectly affected business development in Nigeria, but the Companies Income Tax Act 2007 is further crippling the insurance sector performance, Chika Izuora writes The Companies Income Tax Act (CITA) imposes minimum tax on companies […]