Nigeria: What You Need to Know About the New Capital Gains Tax Rules

The new CGT framework represents a major improvement over the existing law.

Recent discussions around the impact of the Capital Gains Tax (CGT) reform on the capital market have included some misinterpretations and misinformation. While detailed implementation guidelines will be provided through official regulations, it is important to clarify the critical issues at this stage.

The new CGT framework represents a major improvement over the existing law. The reform makes investment in the Nigerian…