Nigeria: Finance Bill (2023) including amendments to Capital Gains Tax Act was adopted by House of Representatives
Description
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 …
Scope
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
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2023-05-24
adopted
2023-05-28
adopted