2019 Finance Bill and Rising Inflation

It just 20 days to the new year but not many Nigerians are thrilled, as 2020 is set to be a year of financial burden, with the passage of the 2019 Finance Bill that seeks an amendment of Nigeria’s tax laws.
#FinanceBill #Inflation #Tax

Amongst other things, the bill seeks to increase Nigeria’s Value Added tax from 5 per cent to 7.5 per cent.

Both chambers of the National Assembly passed the bill late November and has forwarded it to President Muhammadu Buhari, for signage into law.


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