Nigeria: Signed Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Act 2024, including levy regulation
Description
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…
Scope
Policy Area
Taxation
Policy Instrument
Indirect taxes
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
central government
Complete timeline of this policy change
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2023-12-21
under deliberation
2024-02-14
adopted