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Finance Act 2020: What’s New?

Finance Act 2020: What’s New?

The President has signed the Finance Act 2020 (“the Act”) into law on 31 December 2020. The Act aims at addressing tax as well as non-tax related issues whilst improving on the success of the Finance Act 2019 and correcting its shortcomings. The Act amends fourteen...
FIRS GRANTS FURTHER TAX PALLIATIVES TO TAXPAYERS

FIRS GRANTS FURTHER TAX PALLIATIVES TO TAXPAYERS

The Federal Inland Revenue Service (FIRS) via a publication dated 4 November 2020 has granted further tax palliatives to taxpayers. This, as per the publication, is in a bid to ease the losses incurred from business disruptions that recently occurred following ENDSARS...