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Step 1I'm happy to help you with your question! However, I would need more specific information about the new tax laws in Nigeria that you would like me to explain.
There have been several recent changes to the tax laws in Nigeria, including the Finance Act 2020 and the Companies Income Tax Act (CITA) 2021. To provide a detailed explanation of the new tax laws in Nigeria, I will focus on the key changes introduced by the Finance Act 2020, which affects both individuals and businesses. Here are the steps to explain the new tax laws in Nigeria:
Step 2: Understand the Finance Act 2
Final Answer
: Understand the Finance Act 2
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