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Nigeria Introducing 1% Levy on Companies for the National Youth Service Corps Trust Fund

|Approved Changes|Nigeria
Nigeria

On 21 June 2022, the National Youth Service Corps Trust Fund (Establishment) Bill 2022 was passed by the Senate and forwarded to the president for enactment (was passed by the House of Representatives in April 2022). The bill provides for the establishment of the National Youth Service Corps Trust Fund, which will be financed by a 1% levy on the net profit of companies operating in Nigeria. Fur…

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