IMPACT OF THE FINANCE ACT 2019 ON STARTUPS AND BUSINESSES

Posted on 18 April 202028 July 2021Categories Business, Entrepreneurship, Legal Advisor, Startup, TaxationTags , , , , , 1 Comment on IMPACT OF THE FINANCE ACT 2019 ON STARTUPS AND BUSINESSES

By Lucky Kiine Esq. In October 2019, the Finance Bill was presented before a joint session of the National Assembly for reading. After a public hearing held in November of the same year, the House of Representatives and the Senate passed the Bill, which was then assented to by the President in January 2020. The Act introduces a significant amendment to the Companies Income Tax Act (CITA), Personal Income Tax Act (PITA), Capital Gains Tax Act (CGTA), Custom and Excise … Continue reading “IMPACT OF THE FINANCE ACT 2019 ON STARTUPS AND BUSINESSES”