Nigeria: The Nigerian Tax Bill 2023 At a Glance – Highlights and Key Provisions

The Nigeria Tax Bill (from now on referred to as the NTB) is a comprehensive piece of legislation that seeks to outline all taxes in the country hitherto administered by different laws and compress them into a single simplified law

The tax reform bills mark a remarkable paradigm shift from the current tax regime putting an end to the complex and multi-layered tax system with its consequent lapses and inefficiencies. In concert, the bills foster economic equity, encourage exportation, extend the…