Taxation: Insurance underwriters lose N23billion

The 58 underwriting companies operating in the nation’s insurance industry have attributed increasing multiple taxes they are subjected to by authorities as a setback that made them lose about N23 […]

The effect of double taxation on Insurance firms in Nigeria

The Federal Inland Revenue Service has promised to address controversial tax issues in the insurance industry. The Partner and Head, Tax Regulatory and Peoples Services, KPMG, Wole Obayomi said this […]

Effect of taxation on profitability of insurance companies

Operators in the nation’s insurance sector have expressed discomfort over the heavy tax burden being placed on them by the Companies Income Tax Amendment Act 2007 (CITA), which now constitutes […]