Finance Act 2019: FIRS releases information circulars to clarify certain provisions

The Federal Inland Revenue Service (FIRS) has released various information circulars on its opinion and clarification of certain provisions in the Finance Act 2019.

slide

Federal Government gazettes Finance Act, 2019

Federal Government gazettes Finance Act, 2019

CBN introduces special foreign exchange window for investors and exporters

Nigeria’s President signs 2019 Finance bill into law

The Finance Bill, which was passed by the National Assembly in December 2019 and transmitted to the presidency for assent, is expected to change the tax landscape in Nigeria as it contains amendments to the provisions of seven (7) extant tax laws.

CBN introduces special foreign exchange window for investors and exporters

Nigeria Tax Landscape maintains Status Quo as Finance Bill 2019 is yet to be enacted

It is in the overall interest of the country that the euphoria that greeted the release of the Finance Bill is sustained with an early passage. This is a much-needed action in view of the drive towards bridging the country’s revenue gap.

World Bank ease of doing business report 2020: Nigeria remains top improver

The World Bank Group (World Bank) on Thursday, 24 October 2019, published its 2020 Doing Business Report (the Report). This latest report sees Nigeria ranking 131 out of 190 countries on the ease of doing business index, an upward movement by 15 places from 2019 ranking of 146.

Analysis of Nigeria's Budget 2020

Analysis of the Federal Government’s 2020 Budget Proposal

On Tuesday, 8 October 2019, President Muhammadu Buhari presented the proposed 2020 budget of the Federal Government of Nigeria to the joint session of the National Assembly (NASS), wherein he also itemised the policy thrust of FGN.

Companies in Nigeria to pay Police Trust Fund Levy of 0.005% of net profits

Companies in Nigeria to pay Police Trust Fund Levy of 0.005% of net profits

The Federal Government of Nigeria (FGN), recently made public the Nigeria Police Trust Fund (Establishment) Act, 2019 (The Act), which was signed into law on 24 June 2019 and will be in force for period of six years.

Nigeria to sign agreement establishing the African Continental Free Trade Area

The Federal Government of Nigeria has indicated its intent to sign the agreement establishing the African Continental Free Trade Area (AfCFTA) at the 12th Extraordinary Summit of the African Union slated for 7 July 2019.

2019 Federal Budget Signed into law

Federal Government of Nigeria’s 2019 Budget signed into law

President Muhammadu Buhari has signed the 2019 budget of the Federal Government of Nigeria into law. The Budget, which was signed on Monday, 27 May 2019, puts total spending for 2019 at ₦8.92 trillion.

Federal Government releases 2016 Fiscal Policy Measures

Federal Executive Council approves new import levy

The Federal Executive Council (FEC) has approved a new 0.2% import levy on eligible imports from African Union (AU) Member States.