PwC Says Nigeria Has Africa's Highest Capital Gains Tax

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PwC Says Nigeria Has Africa's Highest Capital Gains Tax

LAGOS — Nigeria now has the highest corporate capital gains tax in Africa at 30 per cent, up from 10 per cent under the Nigeria Tax Act that took effect in January, according to PwC Nigeria. The rate compares with 25 per cent in Ghana, 21.6 per cent in South Africa and 15 per cent in Kenya. PwC said new rules on indirect transfers could also tax sales of shares abroad.

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