Nigeria’s Tax Experts Oppose ASUU’s 10% Education Tax 

Nigeria’s Tax experts have faulted the Academic Staff Union of Universities’ proposed increase in the Tertiary Education Tax from three per cent to 10 per cent tax. <br />They said toeing this path would hurt private firms which were already overburdened with taxes. <br />The ASUU President, Prof Emmanuel Osedeke, recently proposed an increase in the education tax from three to 10 per cent to fund infrastructure in Nigeria’s universities. <br />Fiscal Policy Partner and Africa Tax Leader, PwC, Taiwo Oyedele, disagreed with ASUU, saying there was just an increase in education tax one year ago. <br />Oyedele argued that when companies income tax, technology tax, the police tax, science and engineering tax, among others, were computed, a firm would effectively be paying over 40 per cent tax.