Oyedele Repeat Tuk Say Small Investors No Go Pay Capital Gains Tax

By: Rilwan Agbomeji

Chairmo of di Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, don share update, say na small investors for Nigeria go gain from di new tax law wella.

E yarn dis one for di Cowry Quarterly Economic Discourse wey hapun on Thursday, say anybody wey sell asset wey no pass N150m and gain no pass N10m for 12 months dey automatically nor go pay tax.

E explain say pension funds and real estate investment trusts sef dey nor go dey pay tax.

Oyedele add say di law dey protect low-income earners, increase disposable income, and encourage reinvestment for di capital market.