கல்வி நம்பிக்கை நிதி நாடகம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from கல்வி நம்பிக்கை நிதி நாடகம். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In கல்வி நம்பிக்கை நிதி நாடகம் Today - Breaking & Trending Today

Finance Act 2020: Highlights Of Latest Developments In Nigeria's Tax Regime - Tax

A. OVERVIEW
President Muhammadu Buhari signed the Finance Act 2020 into law
on December 31, 2020. The new legislation followed hot on the heels
of the Finance Act 2019
1 which amended several tax
statutes. The Finance Act 2020 was enacted in furtherance of the
Federal Government s progressive reform of the business climate
in Nigeria, and the need to constantly restructure the tax system
to align and conform same with international best practices, and
make it respond effectively to the changing socio-economic
landscape.
Specifically, the Finance Act 2020 amended fourteen (14)
principal tax and tax-related legislation. The thrust of the
legislation includes boosting government revenue, preventing base
erosion, streamlining areas of regulatory conflict and clarifying ....

Abuja Federal Capital Territory , Muhammadu Buhari , Revenue Service , Revenue Service Establishment , National Assembly , Funds Trust Fund , Central Bank , Petroleum Profits Tax , Companies Income , Debt Management Office , Unclaimed Funds Trust Fund , Exchange Commission , V Companies Income Tax Act , Revenue Fund , Crisis Intervention Fund , Tertiary Education Trust Fund Act , Industrial Development Income Tax Relief , Finance Act , Federal Government , Funds Trust , Crisis Intervention , Appropriation Act , Responsibility Act , Federal Republic , Unclaimed Funds Trust , Governing Council ,

FINANCE ACT 2020: Key changes and implications

Vanguard News
FINANCE ACT 2020: Key changes and implications
On

President Muhammed Buhari, on 31 December 2020, signed the Finance Act 2020 (FA20) alongside the 2021 Appropriation Act into law. This reaffirms the Federal Government of Nigeria’s (FGN) commitment to enact fiscal policy annually, alongside the passage of the annual budget into law and aligns with global best practice.
The Act, which took effect on January 01, 2021, amended the provisions of 14 tax and fiscal related legislation, namely:
Capital Gains Tax Act (CGTA) Companies Income Tax Act (CITA) Industrial Development (Income Tax Relief) Act (IDITRA) Personal Income Tax Act (PITA) Tertiary Education Trust Fund (Establishment etc.) Act Customs and Excise Tariff, etc. [Consolidation] Act (CETA) Value Added Tax Act (VATA) Stamp Duties Act (SDA) Federal Inland Revenue Service (Establishment) Act (FIRSEA) Nigeria Export Processing Zones Act (NEPZA) Oil and Gas Export Free Zone Act (OGEFZA ....

Muhammed Buhari , Revenue Service , Nigerian Stock Exchange , National Assembly , Revenue Service Establishment Act , Companies Income Tax Act , Unclaimed Funds Trust Fund , Industrial Development Income Tax Relief Act , Crisis Intervention Fund , Tertiary Education Trust Fund Establishment , Tertiary Education Trust Fund Act , House Of Assembly , Kindly Share This Story , Finance Act , Federal Government , Gains Tax Act , Industrial Development , Income Tax Relief , Personal Income Tax Act , Tertiary Education Trust Fund , Act Customs , Excise Tariff , Value Added Tax Act , Stamp Duties Act , Federal Inland Revenue Service , Nigeria Export Processing Zones Act ,

President Buhari Signs The Finance Bill, 2020 Into Law - Finance and Banking

To print this article, all you need is to be registered or login on Mondaq.com.
Summary
On 31st December, 2020, President Muhammadu Buhari signed the
Finance Bill, 2020 (now Finance Act) into law. The Finance Act,
2020 (the Act), which has a commencement date of 1st January 2021,
was signed into law alongside the 2021 Appropriation Bill (now
Appropriation Act). The Act introduces significant changes to a
number of tax and regulatory laws in Nigeria including the
introduction of COVID-19 incentives alongside other changes.
Details
In December 2020, President Muhammadu Buhari transmitted the
Finance Bill, 2020 to the National Assembly for consideration and passage
into law in support of the 2021 Appropriation Bill. Subsequently, ....

Federal Republic Of Nigeria , Muhammadu Buhari , Nigerian Postal Service , Revenue Service , Industrial Development , Service Establishment , Education Trust Fund , National Assembly , Companies Income Tax , President Muhammadu Buhari , Finance Bill , Finance Act , Appropriation Act , Federal Republic , Gains Tax Act , Companies Income Tax Act , Income Tax Relief , Personal Income Tax Act , Education Trust Fund Act , Excise Tariff , Value Added Tax Act , Federal Inland Revenue , Fiscal Responsibility Act , Procurement Act , Allied Matters Act , Nigerian Export ,