Finance Act 2020 and its impact on employment tax
The Finance Act, 2020 amends portions of various extant tax provisions, including that of the Personal Income Tax Act (PITA). This article highlights some of the major changes to PITA and how these impact payroll taxes with effect from 1 January 2021.
Guide to fiscal information - Key economies in Africa 2020
Driving impact in Africa
This publication contains a summary of tax and investment information pertaining to key countries in Africa. Details of each country’s income tax, VAT and other significant taxes are set out in the publication. Also, investment incentives available and certain other basic economic statistics are detailed.
Accounting Considerations Related to COVID-19
Entities must carefully consider their unique circumstances and risk exposures and consider the impact COVID-19 may have on their financial reporting. Specifically, financial reporting and related financial statement disclosure need to convey all material effects of COVID-19.
The African Continental Free Trade Area
The African Continental Free Trade Area (AfCFTA) is designed to be a legal instrument which would foster economic integration by creating a single market for goods and services, vide progressive elimination of tariff barriers and non-tariff barriers to trade and investment.
Stamp Duties in Nigeria – a rude awakening!
In the last 5 years, stamp duty in Nigeria has gained prominence as a regular bank charge, with many bank customers protesting alleged “unnecessary/unauthorised deductions” by the banks. This push back can be attributed to the low level of awareness, among Nigerians regarding stamp duties.