Finance Act 2020 Nigeria: An overview

There‚Äôs a recent update to fifteen laws covering tax as well as non-tax laws in Nigeria. On 31 December 2020, President Muhammadu Buhari approved the…

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Nigerian Senate passes 2021 Budget adds N505b expenditure

The Nigerian Senate passed the 2021 Budget containing an additional expenditure of NGN505billion (+3.84%) on 21 December 2020. President Buhari presented the 2021 Budget to…

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EndSARS: FIRS Nigeria grants tax palliative

While Nigeria was trying to recover from the economic disruption from the COVID-19 pandemic, another nationwide lockdown emerged in October 2020. The lockdown was an…

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President Buhari presents 2021 Budget to National Assembly

On 8 October 2020, President Mohammadu Buhari presented the 2021 Budget to the National Assembly. The estimate for expenditure is NGN13.082 trillion, while revenue is…

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FIRS offers more tax concessions during COVID-19

The Federal Inland Revenue Service (FIRS) has announced extra tax concessions in response to COVID-19. Option to pay tax in Naira: Tax is payable in…

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