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PKF Nigeria

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Quarterly Tax Newsletters

TAX ALERT - Recent Business Disruptions

16 Nov 2020

Recent Business Disruptions - Further tax palliatives to ameliorate the effect of COVID 19 and EndSARS Protests.

It is no longer news that COVID-19 hit the global economy hard. The impact of the pandemic ranges from the drastic decline in business activities to organizations shutting down their operations and laying off of employees, just to mention a few. The impact of the pandemic can hardly be ignored. While organizations are still licking this wound, “EndSARS Protest” broke out. The protest also added to the plights of businesses when it resulted in violence. Weeks after the protest, businesses are still counting their losses.
In reaction to the impact of the COVID-19 pandemic on businesses across the world, governments in different countries, initiated measures in form of palliative to alleviate the impact of the prevalent situation.

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