Nigeria:
Dividend From Gas Profit Is Liable To WHT But Balancing Charge Is Not Liable To Education Tax
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The Tax Appeal Tribunal (TAT) reaffirms previous decisions that
interest on related party loans is tax deductible provided it
satisfies arms-length principles. Also the TAT ruled that WHT is
applicable on gas profits distributed as dividend but
balancing charge should not form part of assessable profits for
Tertiary Education Tax purposes.
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Download PwC Tax Alert_WHT on Gas Profit and TET on Balancing
Charge
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