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President signs Finance Bill, 2019

President signs Finance Bill, 2019

The Finance Bill, 2019 (“the Bill”) is now a law! This follows the assent of His Excellency, President Muhammadu Buhari, GCFR to the Bill as announced via his twitter account today, 13 January 2020.

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Wole Obayomi

Partner & Head, Tax, Regulatory & People Services

KPMG in Nigeria

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President signs Finance Bill, 2019

We commend the National Assembly and the Executive for the speedy passage of the groundbreaking Bill, which is the first of its kind since Nigeria returned to democracy in 1999. Our expectation is that the Executive will continue the practice of submitting a Finance Bill along with the Budget to the National Assembly in subsequent years in accordance with global best practice.   

We will issue our detailed publication on the Act in due course.

For any enquiries or feedback on the above, please contact:

Wole Obayomi

ng-fmtaxenquiries@ng.kpmg.com

© 2020 KPMG Professional Services, a partnership registered in Nigeria and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

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