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posted 5 years ago
Article authored by Olayinka
Alao, Managing Partner of Renaissance Practice
Introduction
On 13 January 2020, President Muhammadu Buhari
signed the Finance Bill, 2019 (now Finance Act) into law. The Finance Act was
specially designed to support the implementation of the 2020 National Budget
and to create an enabling environment for businesses.
Notable Provisions of the Finance Act 2020
Conclusion
Every new law comes with its challenges and
opportunities, therefore existing businesses and prospective investors should
seek professional guidance to enable them understand how the Finance Act will
impact their business operations going forward and any new compliance
requirements to be fulfilled or benefits to be enjoyed regarding their tax
obligations in Nigeria. We at Renaissance Practice are well positioned to give
robust advice on the nitty-gritty of the Finance Act and its impacts on the
entire gamut of business activities.
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