Nigeria:
Nigeria Could Lose Over 5 Trillion Naira In Tax Revenue If The Bill Seeking To Compel Private Companies To Become Public Entities Is Enacted Into Law
17 October 2014
PwC Nigeria
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The proposed law to compel private companies to become public
entities is disguised indigenisation particularly to foreign
investors. The Bill, if enacted into law will not only be draconian
but will also lead to significant tax revenue loss to government
and certainly discourage existing and future investments in Nigeria
by both domestic and foreign investors.
Read my article published yesterday in the Guardian and
today in BusinessDay Newspapers. You may also download a
copy of the Bill below.
Download Compulsory listing article_Oct
2014
Download Private listing Bills
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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