Capital gains tax will boost market competitiveness, says Taiwo Oyedele
Taiwo Oyedele, chairman of the presidential fiscal policy and tax reforms committee, says the new capital gains tax (CGT) will make Nigeria’s capital market more competitive and investor-friendly.
Oyedele spoke on Wednesday during a virtual public lecture organised by the Capital Market Academics of Nigeria (CMAN), according to NAN.
The tax expert said despite some misconceptions, the CGT is among the lowest taxes when compared with the companies income tax (CIT) and value-added tax (VAT).
