Abbas: We’ll revisit bill to eliminate double taxation of companies operating in Nigeria, South Korea

  • 📰 thecableng
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 80%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Tajudeen Abbas, speaker of the house of representatives, says the lower chamber will revisit a bill seeking to eliminate double taxation of companies operating in Nigeria and South Korea.

According to a statement issued by Musa Krishi, his adviser on media and publicity, Abbas spoke when a delegation from the South Korean embassy to Nigeria and the 21st national assembly of South Korea visited him at his office in Abuja on Tuesday.

He, therefore, called for increased collaboration between the parliaments of both countries to “strengthen areas that require legislative actions in our budding relations.”“There was a mutual understanding to initiate a treaty against double taxation on the businesses of both Nigeria and South Korea which, though passed by the National Assembly, was not assented to by the then President of Nigeria,” Abbas said.

“With over 20 Korean companies in Nigeria, such as Samsung, LG and Daewoo, and investments worth over $2billion, it is an enormous contribution to the economy of Nigeria.“The recent Korean Government supply of a vessel to the Nigerian Navy confirms the deep mutual relations, which the 10th House will do everything to sustain.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines