Nigeria: 2023 budget, tax measures in Finance Act, 2022
A report discussing the 2023 federal budget
A report discussing the 2023 federal budget
The 乐鱼（Leyu）体育官网 member firm in Nigeria prepared a report discussing the 2023 federal budget that described that the Finance Act, 2022鈥攚hich has been passed by the National Assembly, but is undergoing some reviews before being assented to by the President鈥攊ncludes the following tax measures:
- Phase out of tax incentives for mature industries
- Taxation of gains from the disposal of digital assets such as cryptocurrencies
- Alignment of petroleum taxation with the Petroleum Industry Act, 2021
- Increase of the tertiary education tax rate from the current 2.5% rate to 3%
Read a [PDF 306 KB] prepared by the 乐鱼（Leyu）体育官网 member firm in Nigeria
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