Nigeria: Finance Act 2021 including amendments to provisions of section 30 of Companies Income Tax Act entered into force
Description
Finance Act 2021 including amendments to provisions of section 30 of Companies Income Tax Act entered into force
On 22 December 2021, the President signed the Finance Bill 2021 into law, and the Act entered into force. The Act includes amendments to the Companies Income Tax Act, specifically through Sections 13(2)(c) and 30(1)(b)(ii), which address the taxatio…
Scope
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
central government
Complete timeline of this policy change
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2021-12-21
under deliberation
2021-12-22
adopted