Nigeria: FIRS commences implementation of amended Finance Act, 2023

The Federal Inland Revenue Service (FIRS) on Tuesday (June 13, 2023)announced the commencement of implementation of the amended Finance Act, 2023.

This was made known via public notice signed by the executive chairman, Muhammad Nami.

The Service urged tax practitioners, and the general public to take note of the amendment as it affects Value Added Tax (VAT).

The Finance Act 2023 was enacted on 28th May, 2023 and amended certain provisions in the tax laws.