The Office of the Nigerian Presidency has announced that President Muhammadu Buhari signed into law on 13 January 2020 the Finance Bill 2019, which includes measures for the implementation of the 2020 Budget. The measures are summarized as follows: The introduction of a new corporate income tax rate regime, which includes: an exemption for small companies with turnover below NGN 25 million; a reduced tax rate of 20% for medium-sized companies with turnover over NGN 25 million and less than NGN 100 million; and a 30% tax rate for large companies with turnover of NGN 100 million or more (prior...