As promised by President Buhari’s administration – to issue a Finance Act annually to accompany the nation’s budget, the 2020 Finance Bill is already drawn up and undergoing stakeholder reviews and approval processes.
The draft Finance Bill is set to amend the following legislations:
- Capital Gains Tax Act (CCTA)
- Companies Income Tax Act (CITA)
- Tertiary Education Fund (Establishment) Act
- Industrial Development (Income Tax Relief) Act (IDITRA)
- Personal Income Tax Act (PITA)
- Customs and Excise Tariff, etc. (Consolidated) Act
- Value Added Tax Act (VATA)
- Federal Inland Revenue Service Act (FIRSEA)
- Fiscal Responsibility Act
- Public Procurement Act
Click the image below to view/ download our ebook containing details of the proposals for the Finance Bill 2020.
