The Finance Act 2019 - Highlights of Significant Provisions

The Finance Bill 2019, which was presented to the joint sitting of the National Assembly along with the 2020 Appropriation Bill, was signed into law on the 13th of January 2020 by President Muhammadu Buhari, thus becoming the Finance Act (the “Act”). The objectives of the Act are to reform tax provisions in Nigeria in line with global best practices, increase revenue generation to support the implementation of government’s budgets and to create an enabling environment for businesses operating in Nigeria. Click to find out more about some of the changes and the likely impact of the Act on businesses operating in Nigeria. The Finance Act article for publication Final Copy.pdf