A New Tax Burden on Nigerian Companies

The President of the Federal Republic of Nigeria recently passed into law the Nigerian Police Trust Fund Establishment Act 2019. (NPTFEA or the Act). The NPTFEA creates a Special Intervention Fund for the Nigerian Police Force (the Force) and the Act stands as the legal framework for the management and control of the fund.

The Trust Fund established under the Act is designed to provide for the training and retraining of personnel of the Nigerian Police Force and includes all personnel of the force including its auxiliary staff in Nigeria and abroad for the overall improvement and efficiency in the discharge of their duties.

Its existence is however limited to a stipulated period of six (6) years after which it may be extended by an Act of the National Assembly.

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