Nigerian tax defaulters to get 19% penalty

Hmm. If you are defaulting in tax and in Nigeria, know that CBN has a new policy that will make you pay more..

The CBN Monetary Policy Rate currently stands at 14 per cent, thus implying that with the five per cent spread, tax defaulters would now have to pay an interest rate of 19 per cent on tax debts.

Adeosun, according to the statement, has directed the Executive Chairman of the Federal InlanRdvenue Service to commence the implementation of the new…

Read the rest here: http://investorsking.com/defaulters-to-pay-19-interest-on-unpaid-taxes/

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By OzoIgboNdu1 of Igbo Defender

Digital marketer and Marketing analyst

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