President Bola Ahmed Tinubu Signs 4 Executive Orders To Curb Multiple Taxation.

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⚙️1. Finance Act (Effective Date Variation) Order, 2023, has now deferred the commencement date of the changes contained in the Act from May 23, 2023 to September 1, 2023.


⚙️2. Customs, Excise Tariff (Variation) Amendment Order, 2023.

PBAT shifted the commencement date of the tax changes from March 27, 2023 to August 1, 2023 in line with the National Tax Policy.


⚙️3. Order suspending the 5% Excise Tax on telecommunication services as well as the Excise Duties escalation on locally manufactured products.


⚙️4. The President has ordered the suspension of Import Tax Adjustment levy on certain vehicles.

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