THE TAXAIDER NEWSLETTER VOL 2, ISSUE 7 (JULY 2020)

  • In today’s piece, we examine the H1 2020 Sectoral VAT Distribution and how the VAT remittance has been affected by the COVID-19 Pandemic.
  • We review the tax reliefs rolled about by the Federal Inland Revenue Service and Various State Governments to cushion the effect of the COVID-19 Pandemic on taxpayers with a  ‘Series of Tax Reliefs – Part 1 &2’.
  • The Nigeria Labour Congress (NLC) rejects 6% Stamp Duty on Tenancy and Lease Agreements. Read more here.
  • The Osun State Government has granted tax reliefs to its taxpayers. Read more here.
  • The latest report from Nigeria’s National Pension Commission (PenCom) disclosed that the country’s total pension assets increased from N10.6 trillion in April 2020 to N10.8 trillion in May 2020. Read more here.
  • The Oyo State Government has announced tax relief packages to private and corporate businesses in the state in a bid to cushion the effect of the ravaging COVID-19 pandemic on the state’s economy. Read more here.