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The Finance Bill 2021 ( now Finance Act 2021), which was recently signed into law by President Muhammadu Buhari, introduces significant changes to a number of tax and regulatory laws in Nigeria.

The Act amends several provisions of Nigeria’s key tax legislation, including the Capital Gains Tax Act, Companies Income Tax Act, Personal Income Tax Act, Tertiary Education Trust Fund Act among others.

This newsletter highlights some of the key changes introduced by the Act and summarizes its perceived impact on Businesses in Nigeria.

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