The finance act of 2020 is scheduled to take effect from 1st of February 2020. The act amends the Companies Income Tax Act, cap, Value Added Tax Act, Customs and Excise Tariff etc (Consolidation) Act, Personal Income Tax Act, Capital Gains Tax Act, Stamp Duties Act, Petroleum Profit Tax Act, Laws of the Federation of Nigeria, 2004 to provide for the review of tax provisions and make them more responsive to tax reform.