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Finance Act, 2019

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2020Finance Act, 2019 Impact Analysis Revised EditionContentsChapter Three Implications of the Finance Act, 2019on the Nigerian economyTax-revenue gapHow the Finance Act seeks to address the tax-revenue gap Direct TaxCapital Gains Tax ActCompanies Income Tax Act Petroleum Profits Tax Act Personal Income Tax ActIndirect TaxesValued Added Tax Act Customs and Excise Tariff etc. (Consolidated) Act, Stamp Duties Act Consumer Markets and Infrastructure Industry Impact Analysis Consumer Markets Construction IndustryReal Estate Investment Scheme15Chapter Five Services Industry Impact Market 20Chapter Seven7247.

Finance Bill, 2019 into law to become the Finance Act, 2019. Following the President's assent, the Honorable Minister for Finance, Budget and National Planning announced 1 February 2020 as the effective date for implementing the Value Added Tax rate increase from 5% to 7.5%. The

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