Nigeria's Finance Bill Insights Series
President Muhammadu Buhari submitted a Finance Bill to the National Assembly, to amend various tax laws in Nigeria. The Bill has the following strategic objectives:
- Promoting fiscal equity;
- Reforming domestic tax laws to align with global best practices;
- Introducing tax incentives for investments in infrastructure and capital markets;
- Supporting MSMEs; and
- Raising revenues for government
Quite significantly, the Finance Bill seeks to introduce sweeping changes to the laws covering seven different tax laws. This publication examines the implications of the proposed changes on various sectors.
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