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Nigeria: Levy regulation in Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Act 2024

Progress

Current status
adopted
28 Feb 2024 adopted
14 Feb 2024 adopted
21 Dec 2023 under deliberation

Scope

Implementers
Nigeria
Policy Area
Taxation
Policy Instrument
Indirect taxes
Regulated Economic Activity
cross-cutting
Government Branch
executive
legislature
Government Body
central government
parliament
Implementation Level
national

Timeline of events

28 Feb 2024
adopted

Signed Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Act 2024, including levy regulation

On 28 February 2024, the President signed the Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Bill 2024 into law. The amendments impose a levy of 0.5% on the value of all electronic transactions conducted by businesses specified in the Secon…

Event type law
Action type signing
Government branch executive
Government body central government
14 Feb 2024
adopted

Adopted Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Bill 2024, including levy regulation

On 14 February 2024, the House of Representatives adopted the Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Bill 2024. The amendments impose a levy of 0.5% on the value of all electronic transactions conducted by businesses specified in th…

Event type law
Action type adoption
Government branch legislature
Government body parliament
21 Dec 2023
under deliberation

Passed Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Bill 2024, including levy regulation

On 21 December 2023, the Senate adopted the Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Bill 2024 and passed it to the House of Representatives. The amendments impose a levy of 0.5% on the value of all electronic transactions conducted b…

Event type law
Action type passage
Government branch legislature
Government body parliament