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The Excess Dividend Tax Conundrum

by | Jul 18, 2019 | pedabo-insights, Uncategorized

In 2013, Actis Africa (Nigeria) Limited (“the Appellant”) made profits and retained some of its earnings (after tax had been paid on the profits made). In contrast, no profits were made in the subsequent year, that is, 2014, as a result, no income tax was paid by the...