The Finance Act, 2023 (the “Act”) became law on May 28, 2023, at the tail end of the tenure of President Muhammadu Buhari’s administration. The Act was borne out of the renewed revenue drive of the government in the face of dwindling revenue and rising debt service costs. In order to ensure a smooth transition and adjustments to the changes introduced by the Act, His Excellency, President Bola Tinubu, has signed into law the Finance Act (Effective Date Variation) Order, 2023 (the “Variation Order”), postponing the Act commencement date to September 1, 2023.
In this article, we have highlighted the key changes introduced by the Act and the implications of these changes to fiscal and business operations in Nigeria.
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In this article, we have highlighted the key changes introduced by the Act and the implications of these changes to fiscal and business operations in Nigeria.
Read here - https://lnkd.in/dZyGy6Kn
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