ARTICLE
24 November 2021

Senate Passes Tertiary Hospital Development Tax Fund Bill

KN
KPMG Nigeria

Contributor

KPMG Nigeria is a member firm of KPMG International. We provide Audit, Advisory and Tax & Regulatory services, across various industries, to national and multinational companies. Our purpose is to inspire confidence and empower change. We have a relentless focus on delivering quality and excellent service to clients. We, therefore, provide insights and innovative ideas to clients to help them achieve their corporate objectives.
The Senate of the Federal Republic of Nigeria recently passed the Tertiary Hospitals Development Tax (THDT) Fund Bill, 2021 ("the Bill") for the establishment of the THDT Fund ("THDTF" or "the Fund").
Nigeria Food, Drugs, Healthcare, Life Sciences

The Senate of the Federal Republic of Nigeria recently passed the Tertiary Hospitals Development Tax (THDT) Fund Bill, 2021 ("the Bill") for the establishment of the THDT Fund ("THDTF" or "the Fund"). The Fund will be used to facilitate the rehabilitation, restoration, and consolidation of Tertiary Healthcare in Nigeria.

This publication summarizes the key provisions of the Bill and its expected impact on affected companies.

Please click here to read our Newsletter on the Bill.

The opinion expressed in this article is solely personal and does not represent the views of any organization or association to which the authors belong.

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