2020 finance act Archives

EXCLUSIVE: Call tariff hike imminent as FG slams 5% duty on recharge cards

Hello, subscribers — if the number you are calling is not switched off, you will soon pay a higher tariff. This is because President Muhammadu Buhari has approved the collection

Customs begins implementation of reduced vehicle import levy

The Nigeria Customs Service (NCS) says it has commenced implementation of the reduced import levy for vehicles. The 2020 finance bill signed into law by President Muhammadu Buhari provides for

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Non-payment of personal income tax by workers earning minimum wage or less: a caveat

BY TUNDE ESAN There is so much elation in Nigeria over the cancellation of payment of personal income tax by workers earning the national minimum wage or less by the

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Cheaper car importation, N50 bank transfer charges — highlights of 2020 finance act

The newly signed Finance Act 2020 ensures a balance between broader macro economic strategies to attract investments, grow the economy and fiscal plan for domestic revenue mobilisation in response to

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