by admin | Jan 28, 2020 | Internal News, pedabo-insights
Government’s objectives for the Act are: ▪ Reformation of Nigeria’s tax law to align with global best practices; ▪ To support MSMEs through the ease of doing business initiative; ▪ Encouraging investments in infrastructure and capital markets; and ▪ Raising government...
by admin | Jan 14, 2020 | pedabo-insights, Uncategorized
President Muhammadu Buhari, GCFR has signed into law the Finance Act 2020 (“the Act”). It would be recalled that the draft law was submitted to the National Assembly on 8th October 2019 for consideration, alongside the budget for 2020 fiscal year…...
by admin | Sep 19, 2019 | pedabo-insights, Uncategorized
The Federal Inland Revenue Service (“FIRS” or “the Service”) recently issued the Income Tax (Common Reporting Standard) Regulations, 2019 (“The Regulations”) in accordance with the provisions of the Multilateral Convention on Mutual Administrative Assistance in Tax...
by admin | Sep 16, 2019 | pedabo-insights, Uncategorized
The Federal Executive Council on Wednesday, 11th September 2019, approved that the Value Added Tax (VAT) rate be increased from the current rate of 5% to 7.2%. This proposed increase was announced by the Honorable Minister of Finance, Budget and National...
by admin | Sep 12, 2019 | pedabo-insights, Uncategorized
The President of the Federal Republic of Nigeria recently signed into law the new Nigeria Police Trust Fund (Establishment) Act, 2019 (“the Act”). This Act establishes the Nigeria Police Trust Fund (“the Fund”) in favour of the Nigerian Police Force (“the Police”)....
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