You have no items in your shopping cart.
ABSTRACT
The aim of this study is to examine the Finance Act 2019 and 2020 and appositely define the extent to which it has affected the populace and the digital economy.
This study analyzes the provisions of the Finance Act by ascertaining the innovations and challenges of the act. This work also identifies the workability of the Act in Nigeria.
This work finds that the enactment of the Finance Act is a lofty innovation made to evolve the Nigerian Tax Landscape. This work finds that in spite of global attempts to respond to these innovations by creating tax efficient fiscal policies, Nigeria’s tax collecting capacity is yet to improve to keep pace with this digital revolution like the United Kingdom which has put due administration mechanism in place to tackle problems that might arise from implementation.
This study proposes the amendment of section 4(a) of the Finance Act 2019 to clarify its ambiguous provisions which limits the investment income captured for tax purposes to income derived from the investment of shareholder's fund.
