A Brief Review of the Finance Act, 2019: What are the Tax Incentives, does it Benefit my Organization and are they Practicable? – An Opinion from a Tax Enthusiast

Companies Income Tax (CIT) is a tax levied on the profits a company.  It is no longer news that in spite of the strides made in recent years by the relevant tax authorities, tax compliance in Nigeria is still far from the expected performance. Nigeria’s tax-to-GDP ratio is one of the lowest in Africa with an average of 5.6% while the average global tax-to-GDP ratio is about 21% (World Bank, CIA Factbook).

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