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FG rejects tax relief applications from Flutterwave, Flour Mill, 8 others

FG rejects tax relief applications from Flutterwave, Flour Mill, 8 others
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Finance Act, 2020 - Impact On The Manufacturing Sector - Tax

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On 31 December 2020, the President signed the Finance Bill, 2020
(now Finance Act, 2020) into law, alongside the 2021 Appropriation
Act. Indeed, the introduction of the Finance Act, 2020 (FA 2020) at
the beginning of fiscal year 2021 is a step in the right direction.
One can come to a conclusion that the Nigerian government is making
conscious efforts to align its local laws with global best
practices, promote fiscal equity, improve the ease of doing
business, provide support for small businesses and cultivate a
suitable environment for investment in infrastructure. The effort ....

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Finance Act 2020: Key Changes To The Nigeria Tax Regimes - Tax

Introduction
In a bid to ensure that economic and financial challenges faced
by the country are promptly managed and addressed through revised
and definite economic policies, President Muhammadu Buhari signed
the Finance Bill 2020 into law which is now known as the Finance
Act 2020 ( The Act ) on December 31, 2020 alongside the
2021 Appropriation Bill. This aligns with best practices in
different jurisdictions across the world where existing tax
legislations and framework are annually reviewed in order to
support each year s budget and a major aspect of the
initiatives suggested by the President Enabling Business
Environment Council (PEBEC) and the National Tax Policy
Implementation Committee. ....

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