Nigeria: Value Added Tax Act amendments in Finance Act (2023)
Progress
Scope
Timeline of events
Finance Act (2023) including amendments to Value Added Tax Act entered into force
On 1 September 2023, the Finance Act (2023) enters into force. Under this Act, the amendment to the Value Added Tax Act mandates that taxable goods imported into Nigeria through online electronic or digital platforms must provide proof of registrati…
President signed Finance Act (2023) including amendments to Value Added Tax Act
On 28 May 2023, the President signed the Finance Bill (2023) into law. Under this Act, the amendment to the Value Added Tax Act mandates that taxable goods imported into Nigeria through online electronic or digital platforms must provide proof of re…
Finance Bill (2023) including amendments to Value Added Tax Act was adopted by House of Representatives
On 24 May 2023, the House of Representatives adopted the Finance Bill (2023). Under this Bill, the amendment to the Value Added Tax Act mandates that taxable goods imported into Nigeria through online electronic or digital platforms must provide pro…