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Tag "2023 Finance Act"

FG suspends new levy on imported vehicles, 10% tax on single-use plastics

The federal government has suspended the import adjustment tax (IAT) imposed on certain vehicles. Dele Alake, special adviser to the president on special duties, communication and strategy, announced the development

Deductions on life insurance, 10% tax on digital assets… highlights of 2023 finance act

To sustain the steam in its efforts to ramp up revenue generation, the federal government has introduced some changes in taxes and excise duties following the amendment of the new

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