Nigeria's former President, Muhammadu Buhari, reportedly signed the Finance Act 2023 into law on 28 May 2023, his final full day in office. Key tax measures include:
- Gains on the disposal of digital assets are included as chargeable to capital gains tax at a rate of 10%, such as cryptocurrency, non-fungible tokens, etc.;
- New rules are introduced for the deduction of capital losses on the disposal of assets from capital gains on the disposal of assets of a similar class, with unabsorbed losse…