CITN Ibadan Finance Act to the Rescue Prof Oyedokun.pptx

The Nigeria Tax System: Finance Act to the Rescue
Being a Paper Presented at the CITN Ibadan & District Society
on Friday, December 15, 2023.

1. The Nigeria Tax System: Finance Act to the Rescue Being a Paper Presented at the CITN Ibadan & District Society on Friday, December 15, 2023.

2. ND (Fin), HND (Acct.), BSc. (Acct. Ed), BSc (Fin.), LLB., LLM, MBA (Acct. & Fin.), MSc. (Acct.), MSc. (Bus & Econs ), MSc. (Fin), MSc. ( Econs ), Ph.D. (Acct), Ph.D. (Fin), Ph.D. (FA), CICA, CFA, CFE, CIPFA, CPFA, CertIFR , ACS, ACIS, ACIArb , ACAMS, ABR, IPA, IFA, MNIM, FCA, FCTI, FCIB, FCNA, FCFIP, FCE, FERP, FFAR, FPD-CR, FSEAN, FNIOAIM, FCCrFA , FCCFI, FICA, FCECFI, JP Prof. Godwin Emmanuel Oyedokun Professor of Accounting and Financial Development Department of Management & Accounting Faculty of Management and Social Sciences Lead City University, Ibadan, Nigeria Principal Partner; Oyedokun Godwin Emmanuel & Co (Chartered Accountants, Tax Practitioners & Forensic Auditors)

3. The Nigeria Tax System: Finance Act to the Rescue

4. Contents

5. Introduction

6. Introduction

7. Overview of Taxation

8. Tax Policy

9. Features and Characteristics of Tax Fairness or Equity Adequacy Transparency Simplicity Administrative Ease

10. The Nigeria Tax System

11. Overview of the Finance Act in Nigeria

12. Strategic Objectives to Finance Act

13. Challenges of Finance Act

14. Key Highlights of the Finance Act 2019 Value Added Tax (VAT) Companies Income Tax (CIT)

15. Key Highlights of the Finance Act 2019 Personal Income Tax (PIT) Capital Gains Tax (CGT)

16. Keys Highlights of the Finance Act 2020 Taxation

17. Key Highlights of the Finance Act 2020 Other key changes

18. Key Highlights of the Finance Act 2021 Tax Administration Corporate Taxation

19. Highlights of the Finance Act 2021 Personal Income Tax Other Key Provisions

20. Highlights of the Finance Act 2022 Taxation

21. Highlights of the Finance Act 2022 Other key changes

22. Nigeria Tax System: Finance Act to the Rescue

23. Key Changes Introduced by the Finance Act to Rescue the Nigeria Tax System

24. Key Changes Introduced by the Finance Act to Rescue the Nigeria Tax System

25. Impact of Introducing Finance Act to the Nigeria Tax System

26. Conclusion

27. Recommendations

28. Prof. Godwin Emmanuel Oyedokun Professor of Accounting & Financial Development Lead City University, Ibadan, NIgeria Principal Partner; Oyedokun Godwin Emmanuel & Co (Chartered Accountants, Tax Practitioners & Auditors) [email protected]; [email protected] [phone] & 2348055863944