Finance Act 2019 And The Excess Dividend Tax Rule
INTRODUCTION Before the enactment of the Nigerian Finance Act, 2019, Section 19 of the Companies Income Tax Act (CITA)providing for excess dividend tax could pass for the most controversial and criticized provision of CITA. Its criticisms transcended what was perceived as legislative ineptitude to what got bemoaned as judicial insensitivity, as interpretations of that section…
