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Senate Passes Finance Bill 2020

Senate Passes Finance Bill 2020         The Senate, Tuesday, passed Finance Bill 2020 transmitted to the National Assembly two weeks ago for consideration and passage. The executive bill was passed after the consideration of a report by the Senate Joint Committee on Finance; Customs, Excise & Tariff;...

Reps Pass 2020 Finance Bill For Second Reading

Reps Pass 2020 Finance Bill For Second Reading     The House of Representatives, on Thursday, passed for second reading, the Finance Bill 2020. It is titled, ‘A Bill for an Act to Amend the Capital Gains Tax Act, Companies Income Tax Act, Personal Income Tax Act, Tertiary...

Budget 2021: Buhari Transmits Finance Bill 2020 To N’Assembly

Budget 2021: Buhari Transmits Finance Bill 2020 To N'Assembly         President Muhammadu Buhari yesterday transmitted the Finance Bill 2020 to the National Assembly for consideration and passage into law. In a letter to the Speaker of the House of Representatives, Femi Gbajabiamila and which was read on...

Fed Govt May Reduce Minimum Tax Rate Next Year

Fed Govt May Reduce Minimum Tax Rate Next Year       The draft Finance Bill 2020 contains a proposal for the reduction of the minimum tax rate to be paid by companies next year in light of the current economic climate, according to the Fiscal Policy Reforms...