A Diagnostic Appraisal of the Tax Aspects of the Treasury Management in the Nigerian Banking Sector
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Date
2012
Authors
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Publisher
Department of Commercial Law, Faculty of Law, ABU Zaria
Abstract
Presently under the Nigerian law, there is no strict tax deduction guideline on most of the swap products; hence the problem associated with arrangement fee on such products in the Nigerian Banking Sector. This paper therefore examines the treasury management activities in the Nigerian Banking Sector with particular reference to their tax aspect. The paper further appraises the tax implications of different categories of swaps in which Nigerian Banks are actively involved. In the final analysis, the paper recommends for a general overhauling of the Nigeria Tax law with regards to arrangement and intermediary fees in the bank's treasury management activities.
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Keywords
Tax Aspects, Treasury Management, Nigerian Banking Sector
Citation
Ahmadu Bello University Journal of Commercial Law