Finance Act 2020 And Its Impact on Employment Tax


Monday, January 25, 2021 / 9:00 AM / By Deloitte / Header Image Credit:  Businessday


President Muhammadu Buhari, on 31 December 2020, signed into law, the 2021 Appropriation Act and the 2020 Finance Act.


The Finance Act, 2020 (the Act) amends portions of various extant tax provisions, including that of the Personal Income Tax Act (PITA), Cap P8, LFN, 2007 (as amended by the Personal Income Tax (Amendment) Act, 2011).


In this article, we have highlighted some of the major changes to PITA and how these impact payroll taxes with effect from 1 January 2021.


Please click here to explore the detailed article.


Proshare Nigeria Pvt. Ltd.

Related News

1.      Implications of Finance Act 2020 for Individuals and Labour Employers

2.      Employer Tax Returns Due for Filing by 31st January 2021

3.      A Guide to Stamp Duties in Nigeria

4.      FHC Overturns TAT Judgment on the Basis for Computing Balancing Charge on Petroleum Assets

5.      Countdown to the January 31 Deadline for Filing 2020 PAYE Tax Returns

6.      FHC Upholds the Illegality of Stamp Duty Deductions Prior to Amendment of the SDA

7.      Finance Act 2020: Key Changes and Implications

8.      Unclaimed Funds Trust Fund: We Can Still Get It Right

9.      Exemption of Sales in the Ordinary Course of Business from WHT

10.   Finance Act 2020: Unclaimed Dividends and Dormant Balances

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News