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SEC seeks tax exemption on corporate bonds to boost market liquidity | The Guardian Nigeria News - Nigeria and World News

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The Securities and Exchange Commission (SEC) has urged the Federal Government to consider its proposal to exempt corporate bonds from the payment of tax.

The Director-General of SEC, Lamido Yuguda stated this at the weekend during a media parley on the outcome of the second capital market committee meeting for the year, 2022.

He said, “We observed that the world is facing high inflation and low growth. Consequently, the World Bank, the International Monetary Fund and other Economic forecasters are trimming down growth estimates with forecasts reflecting sizable downgrades to the outlook for the rest of the year and 2023. “So, I think for now, given that there are so many considerations, and considering all these factors, we feel the tax rebate should be reinstated and we have been working with the tax and fiscal authorities to advocate the return to the status quo.”

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