FHC Delivers Landmark Decision on Retroactive Application of Finance Act 2019 by FIRS – THISDAYLIVE thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
A Federal High Court, Abuja, has held that the Finance Act, 2019, which became law on January 13, 2020, should not apply to trading activities conducted between January and December 2019.
FIRS tasks non-residents on tax returns assures transparency
Deputy Regional Economic Counsellor, West Africa, French Embassy, William Levasseur, has expressed optimism that with the price of oil rising globally, Nigeria will recover economically, creating opportunities for starters as well as Small and Medium-scale Enterprises (SMEs). x
Levasseur disclosed this yesterday at a webinar organised by Franco-Nigeria Chamber of Commerce and Industry, in partnership with AELEX, on the ‘Finance Act 2020: Implications For Businesses’.
According to the envoy, the Finance Act is critical, involving changes for several sectors and contributing to economic stability.
MEANWHILE, the Federal Inland Revenue Service (FIRS) has appealed to non-residents to file their tax returns, as it has gone into partnership with sister agencies to ensure transparency in the process.