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Deals SEC alleges Oando over-deducted tax from shareholders’ dividend – TheCable

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Documents made available by the Securities and Exchange Commission has shown that Oando over-deducted withholding tax from the dividends paid to shareholders.

The company was reported to have deducted 24% of dividends as withholding tax instead of the 10% stipulated by the Federal Inland Revenue Service (FIRS). Withholding tax is an informal …


via TheCable
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