The Finance Act of 2023 (FA2023 or the Act) was officially signed into law on May 28, 2023, under the leadership of His Excellency, former President Muhammadu Buhari, GCFR. The commencement date for these amendments is September 1, 2023, as per the Finance Act (Effective Date Variation) Order of 2023, signed by His Excellency, President Bola Ahmed Tinubu, GCFR, on July 6, 2023. This Act represents the fourth iteration of the Finance Act series, which commenced in 2019. It primarily refines and clarifies certain modifications introduced by its predecessors, namely the Finance Acts of 2019, 2020, and 2021, aligning them more closely with the government's fiscal objectives and the current economic landscape. This article will focus on amendments made by the Finance Act 2023 to the Customs, Excise Tariff, etc. (Consolidation) Act (CETA) and an overview of its economic Impact.
The post Examining the Recent Amendments to the Customs, Excise Tariff, etc. (Consolidation) Act (CETA) appeared first on Gifted Analysts.