Revised Implementation Date for 2023 Finance Act and Tax-related Matters

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Revised Implementation Date for 2023 Finance Act and Tax-related Matters

Highlights of this Edition:

  • What you need to know about the Updated implementation and tax changes for 2023 Finance Act in Nigeria.
  • Major Deadlines in the month of July 2023, as relating to the Nigerian Tax space .

Click here to read more: https://pml.com.ng/wp-content/uploads/2023/07/PML-Tax-Newsletter-June-2023.pdf

Revised Implementation Date for 2023 Finance Act and Tax-related Matters

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Taxes are established by law in Nigeria. Such tax must have been passed into law through enactment of relevant statute (Act, By-law, decree among others). The tax law establishes the administrative body and specify its tax jurisdiction. Tax structure in Nigeria is tailored towards Nigerian governance hierarchy (Federal, State and Local Government).