Budget 2024 was tabled in October 2023, passed by Parliament and gazetted on 29 December 2023, hence Finance (No.2) Act of 2023, Act 851. Unexpectedly, on 25 March 2024, an amendment bill was tabled at Parliament to amend Act 851, and duly gazetted on 20 May 2024 as Income ...
The change in filing deadline takes effect from July 2023 i.e. for June 2023 VAT returns. This amendment reiterates the powers of the FIRS to appoint any person to act as its collection agent for VAT purposes, and the obligation to remit the VAT collected in the currency of the ...
Effective date: 1 July 2023 Value-added tax Clarification on the place of supply The Act amends Section 8(2) of the VAT Act by replacing the words “not registered person” with “a registered or unregistered” person. This amendment apparently seeks to clarify that a non-resident supplier ...
“It is more of a miscellaneous amendment Act, which means that if it is not passed the permanent tax laws remain in force. For example, we have the Income Tax Act, the VAT Act and the Excise Duty Act. All these laws remain in force notwithstanding the fate of the Finance Act...
Amendment of section 11. Amendment of section 12A. Amendment of section 12AB. Amendment of section 13. Amendment of section 14A. Amendment of section 17. Amendment of section 35. Amendment of section 37. Amendment of section 40. Amendment of section 43B. ...
The Finance Act 1994, Section 220 (Amendment) Regulations 2007doi:2007 No. 1616介绍性文本1.引用,生效和生效2.修订1994年《金融法》第220条签署解释性说明
b) The Bill further provides that excise duties are to be paid on all services provided in Nigeria with the rate being set by the President in accordance with provisions of the Act. 6. Personal Income Tax (PIT) Act A key amendment to the PIT Act introduced by the Bill i...
Accordingly, with the amendment in Article 6 of the Regulation, a number of additions have been made to the information that housing finance institutions must include in the pre-contractual information form, which includes the conditions of the housing finance contract. With this a...
“protecting human health from the adverse impact of any contamination of water intended for human consumption” as well as “increasing people’s access to clean drinking water” have been addressed in the new rules. Activities covered within this amendment are, among others,water supply,urban ...
As part of the 2023 amendment to IAS 7, the IASB included a specific disclosure requirement for non-cash changes in the carrying amounts of the financial liabilities related to supplier finance arrangements (see IAS 7 disclosure requirement number 3 insection 7). ...