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ng-government-gazette-dated-2021-01-04-no-4.pdf
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🔗 Source: gazettes.africa
📊 Size: 21.87 MB
👤 Author: ACU-VL-50
⬇️ Downloads: 133

Summary

The Federal Republic of Nigeria's Official Gazette, Vol. 108, No. 4, published on January 4, 2021, contains the Finance Act, 2020, which amends various laws, including the Capital Gains Tax Act, Companies Income Tax Act, Personal Income Tax Act, and others. The Act consists of 81 sections, arranged in 15 parts, and makes significant changes to the country's tax laws, including amendments to tax rates, exemptions, and compliance requirements. The amendments aim to improve tax administration, reduce tax evasion, and increase revenue generation for the government. The Act also establishes new funds, such as the Crisis Intervention Fund and the Unclaimed Funds Trust Fund, to address specific economic and social challenges. The amendments took effect on the date of commencement, which is not specified in the provided text.

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The Federal Republic of Nigeria's Official Gazette, Vol. 108, No.

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  • File Format: PDF
  • File Size: 21.87 MB
  • Pages: 88
  • Language: EN
  • Author: ACU-VL-50
  • Total Downloads: 133
  • Last Updated: 6 hours ago

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