Business seeks debt set off with government

The bridge finance is needed to repay debt owed to international financial institutions and regain access to capital markets.

PRIVATE sector contractors to the government are calling for a set-off arrangement to clear their rising tax liabilities emanating from non-payment by the latter for services rendered, it has emerged.Business executives at The Financial Gazette’s Annual Tax Review Breakfast Meeting held last week said a set-off agreement between government and its contractors could help alleviate…

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