Overview

The Finance Act, 2021 is a Nigerian law that amends multiple tax and fiscal statutes to align with the Federal Government's macroeconomic policy reforms. It covers amendments to the Capital Gains Tax Act, Companies Income Tax Act, Customs, Excise Tariffs, etc. (Consolidation) Act, Federal Inland Revenue Service (Establishment) Act, Personal Income Tax Act, Stamp Duties Act, Tertiary Education Trust Fund (Establishment, Etc.) Act, Value Added Tax Act, Insurance Act, Nigeria Police Trust Fund (Establishment) Act, National Agency for Science and Engineering Infrastructure Act, Finance (Control and Management) Act, and Fiscal Responsibility Act. Key changes include modifications to tax rates, deductions, exemptions, and administrative provisions to improve revenue generation and public financial management.

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