The amount of corporate tax due from Dangote Cement in the first three months of this year is higher by 47.3 percent compared with the N27.42 billion paid in the corresponding period of 2020 financial year.

In addition, the company currently pays over N240 million Value Added Tax (VAT) daily to the government, making DCP one of the biggest private sector tax payers in the country.

As part of the company’s corporate social responsibility, in line with the government’s quest to boost infrastructural development in the country, Dangote Cement opted to provide funding for the constructions of major roads in Lagos and Kogi States. The roads are the critical Lagos Apapa Port road leading to the old toll gate and the Lokoja-Obajana-Kabba road straddling Kogi and Kwara states.

https://worldtopnewsng.com/dangote-cement-to-pay-n40-39-billion-in-corporate-tax/

Kind of mitigates the high cost of their cement perhaps.

Anyone know how much tax Dangote Cement pay in countries where their cement is cheaper?

Worldtopnewsng:
The amount of corporate tax due from Dangote Cement in the first three months of this year is higher by 47.3 percent compared with the N27.42 billion paid in the corresponding period of 2020 financial year.

In addition, the company currently pays over N240 million Value Added Tax (VAT) daily to the government, making DCP one of the biggest private sector tax payers in the country.

As part of the company’s corporate social responsibility, in line with the government’s quest to boost infrastructural development in the country, Dangote Cement opted to provide funding for the constructions of major roads in Lagos and Kogi States. The roads are the critical Lagos Apapa Port road leading to the old toll gate and the Lokoja-Obajana-Kabba road straddling Kogi and Kwara states.

https://worldtopnewsng.com/dangote-cement-to-pay-n40-39-billion-in-corporate-tax/

Lokoja-Obajana-Kabba road is only within Kogi state, although leading toward Kwara but it is also toward Ondo and Ekiti.