The Nigeria Employers’ Consultative Association has warned that the Ministry of Interior’s expatriate employment levy will deter investment in the country, DAILY POST reports.NYSC Portal
The association also faulted the levy, saying there would be a need for certain regulations to be put in place before such tax could be imposed.JAMB Result
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In a statement on Sunday, NECA said that following the launch of the Expatriate Employment Handbook, an initiative of the Federal Ministry of Interior, purportedly aimed at enhancing skills transfer in Nigeria, the new levy would frustrate the Federal Government’s ongoing fiscal and monetary reforms if implemented.JAMB Portal
The Director-General of NECA, Adewale-Smatt Oyerinde, “It will also serve as a disincentive to Foreign Direct Investment among many other unintended negative consequences.
The levy of between $10,000 to $15,000 on employers that employ expatriates when Nigeria is actively seeking FDI is not only exploitative and extortionist but also a contradiction that cannot be explained.”InformationGuideNigeria
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