Tertiary education tax is currently charged at:
A2% of assessable profit
B2.5% of assessable profit
C3% of assessable profitCORRECT
D3% of total profit
ICANTaxationFinance Act Amendments2025
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Why the answer is C, and why the others tempt you.
Successive Finance Acts raised the rate from 2% to 2.5% and then to 3% of assessable profit for companies registered in Nigeria.
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