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Nigeria: Finance Bill advances toward completion

Nigeria: Finance Bill advances toward completion

Nigeria’s House of Representatives on 28 November 2019, passed the Finance Bill, 2019 after the third reading.


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The Senate passed its version of the bill on 21 November 2019.

To conclude the enactment process, the two chambers must “harmonize” their respective versions of the legislation and then present a unified version to the president.

The bill, once enacted, would make changes to various tax law provisions affecting companies including income tax, value added tax (VAT), petroleum profits tax, individual income tax, capital gains taxation, and customs and excise tax.

Read a November 2019 report [PDF 138 KB] prepared by the KPMG member firm in Nigeria

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