Tax Bites series

The Finance Act and Net of Tax Clauses   

In this issue:

There are several changes to the tax rules introduced by the Finance Act, apart from the increase of the VAT rate to 7.5%. One of these is the amendment to Section 27 of the Companies Income Tax Act (CITA), which could have an impact on “Net of Tax” clauses. Adeoluwa Akintobi writes about it. 

Findout more:

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