The Finance Act 2023 (the “Act”) was signed into law on 28 May 2023 by former President, Muhammadu Buhari, GCFR.
The Act provides that the amendments therein come into force on “1 May 2023 or such other date that shall be indicated by the National Assembly by law, or the President by assent or order”. Therefore, until the National Assembly or the President specifies a different date, the amendments introduced by the Act take effect from 1 May 2023.
