Nigeria: Capital Gains Tax Act amendments in Finance Act (2023)
Progress
Scope
Timeline of events
Finance Act (2023) including amendments to Capital Gains Tax Act entered into force
On 1 September 2023, the Finance Act (2023) entered into force. Under this Act, the amendment to the Capital Gains Tax Act (CGTA) expands the definition to include "digital assets" alongside "debt." The computation of chargeable gains is updated to …
President signed Finance Act (2023) including amendments to Capital Gains Tax Act
On 28 May 2023, the President signed the Finance Bill (2023) into law. Under this Act, the amendment to the Capital Gains Tax Act (CGTA) expands the definition to include "digital assets" alongside "debt." The computation of chargeable gains is upda…
Finance Bill (2023) including amendments to Capital Gains Tax Act was adopted by House of Representatives
On 24 May 2023, the House of Representatives adopted the Finance Bill (2023). Under this Act, the amendment to the Capital Gains Tax Act (CGTA) expands the definition to include "digital assets" alongside "debt." The computation of chargeable gains …