Under the Personal Income Tax Act (PITA), part of the Personal Reliefs prior the Finance Act 2021, were allowances for , “annual amount of any
Under the Finance Act 2021, a new Levy – NASENI levy, has also been introduced. This Levy can be likened to the NITD levy. This
Under the Finance Act 2021, the rate of tax for tertiary education trust fund (or tertiary education tax) has now been increased from 2% of
The Finance Act 2021 clarifies that small companies (making N25 million or less annual turnover) and medium companies (making 25m and above but less than
Gains from disposal of shares of a Nigerian company which was previously exempt from Capital Gains Tax at 10%, is now no longer expressly exempted.
A new Excise Duty has now been introduced in the Customs, Excise Tariffs, Etc. (Consolidation) Act on non-alcoholic, carbonated and sweetened beverages, at a specific
Under the Finance Act 2021, the Federal Inland Revenue Service (FIRS) can now deploy their proprietary or third party technology directly to the taxpayers’ systems
Under the Finance Act 2021, profits of companies engaged in educational activities will now be liable to companies income tax due to the removal of
Under the Finance Act 2021, there are new rules pertaining to how non-residents are subjected to CIT and VAT. Under the CIT amendment – Non-resident
The Finance Act 2021, the third in a three-year period, has now been issued and signed into law, to complement Nigeria’s 2022 Budget. Through the
