Senate, Reps Finance Act Bill crisis deepens

the Senate.

The bill presented by President Muhammadu Buhari to the National Assembly as part of the measures to shore up revenue to finance the 2020 budget, seeks to amend the Petroleum Profit Tax Act, Customs and Excise Tariff Act, Company Income Tax Act, Personal Income Tax Act, Value Added Tax, Stamp Duties Act and Capital Gain Tax.

A member said, “People are insisting these are two interdependent legislative houses, so there must be some level of independence. If it is a joint committee, there should be co-chairmen, not one chairman; they have to share the responsibility.”Another member of the House said, “The news public hearing will be strictly by the House, we cannot do it jointly again. For public hearings, each house is supposed to organise its own, especially when the issue is a resolution of either of the houses.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Reps boycott hearing on Finance Bill – Daily TrustMembers of the House of Representatives yesterday boycotted a public hearing on the Finance Bill, organised by a joint committee of the National Assembly to collate stakeholders’ views on the seven bills submitted by President Buhari last month. The finance bill was introduced by the Federal Government to boost its revenue base for the projections …
La source: Daily Trust - 🏆 13. / 51 Lire la suite »

2020 Budget Threatened As Reps Boycott Public Hearing Of Finance Bill | Sahara Reporters2020 Budget Threatened As Reps Boycott Public Hearing Of Finance Bill | Sahara Reporters According to information gathered, members of the finance committee of the HouseNGR were unhappy because they were not carried along by the NGRSenate... READ MORE:
La source: SaharaReporters - 🏆 9. / 63 Lire la suite »

Senate holds public hearing for finance billThe bill seeks to increase the value-added tax (VAT) from five per cent to 7.5 per cent, among others.
La source: PremiumTimesng - 🏆 3. / 78 Lire la suite »