The Nigerian government’s recent decision to impose a 50% windfall tax on banks’ foreign exchange revaluation gains recorded in 2023 has sparked a variety of responses. This move, aimed at addressing the country’s revenue challenges, has drawn significant criticism from global tax and advisory service firm, KPMG Nigeria, among others. KPMG Nigeria has strongly opposed … Continue reading KPMG Criticizes Nigeria’s 50% FX Windfall Tax on Banks