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 Finance Acts, the Federal government strategically amends certain provisions of selected laws to achieve its desired fiscal goals.
Nigeria’s Finance Act 2021:
- makes 40 amendments to 13 tax and related laws.
- became effective from 1 January 2022.
We have taken time to prepare explanatory write-ups on each of the major changes to the laws, brought about by the Finance Act 2021 and the practical ways in which they will affect taxpayers going forward.
We will now publish them one after the other in separate blog posts on this website. You will be able to access all of them at once under the group link – https://www.vi-m/category/Finance-Act-2021