His Excellency, President Muhammadu Buhari, GCFR, signed the finance bill 2021 into law as the Finance Act 2021 on 31 December 2021. The Finance Act of 2021 introduces amendments to tax acts having came to effect on January 1, 2022. Furthermore, the Act modifies several of the adjustments proposed by its predecessors (Finance Acts 2019 and 2020) to offer clarity and make them more consistent with the government’s fiscal plans and present economic conditions.
Source: GVC
