A Bill to amend the Oil & Gas Export Free Zone Act and provide for the designation and establishment of Oil and Gas Free Zones and Special Investment Areas is being considered by the Nigerian legislature. The Bill seeks to make certain changes to the current legislation to better achieve its stated objectives. However, some aspects of the Bill require redrafting to avoid ambiguities such as a proper definition of 'Special Investment Areas' while some key issues are yet to be addressed.

Read our tax alert uploaded below for further insights.

Download PwC Tax Alert - Proposed Amendments to Tax Free Zone Act

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