News Formal

Changes to corporation tax published in Finance Bill

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 61%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The Finance Bill, which puts the tax changes announced in last week's Budget into legislation, has been published by the Minister for Finance, Michael McGrath.

It runs to 270 pages and also includes changes to corporation tax rules to implement the so-called Pillar Two of the OECD tax reforms.

Pillar One of the agreement, which would introduce the right of different governments to tax the profits of multinationals according to where they make their sales, has yet to be endorsed by governments around the world. "The Finance Bill 2023 sets out the legislative provisions to bring effect to the tax measures announced in Budget 2024," Minister McGrath said in a statement.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New 15% tax rate for big multinationals forms cornerstone of Finance BillCompanies will be liable to pay a new top-up tax from next year
Source: IrishTimes - 🏆 3. / 98 Read more »