By: Oyetola Muyiwa Atoyebi SAN, FCIArb (U.K).
Tax can be seen as one of the most important tools used by the government as a means of generating revenue for the country.
Tax can be defined as a monetary charge imposed by the government on individuals, entities, transactions, or property to yield public revenue.
As athletes are known worldwide for being the highest earners due to the diverse sources of their income, Nigerian athletes have continuously achieved worldwide triumphs in sports over the years, resulting in significant economic benefits from various sport-related endeavors.
This article analyses the taxation scenario in Nigerian sports, illuminating its legal implications.
Legal Maxim : Aequitas sequitur legem
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