Seven banks paid N392.53bn as tax in the first half of 2024, according to an analysis of their second-quarter financial reports for the period ended June 30 filed with the Nigeria Exchange.
The banks’ tax expenses included various levies, such as corporate tax, minimum tax, information technology tax, tertiary education tax, Police Trust Fund levy, among others.
The Federal Inland Revenue Service stated that the Company Income Tax is a 30…
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