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Double Taxation: FG to deduct from allocations of States who imposes illegal taxes on mining companies

The Federal Government has once again warned States who engage in double taxation to desist from such act.

In a Press Release, the Federal Government noted that, henceforth, “if a State Government engages in double taxation, i.e. imposes illegal taxes on a duly registered mining company, and it is reported to Federal Government, the Federal Executive Council has directed the Ministry of Finance to deduct those illegal collections from the State’s allocation.”

Double taxation has been a serious problem to Companies especially Small and Medium scale enterprises in the country.

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Written by IJAM.ng

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