Why Buhari is proposing 2020 Finance Bill to National Assembly – Finance Minister

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Finance minister says Mr Buhari wants 2020 Finance Bill to improve budget implementation

Highlights of the Bill aside from the amendments to tax laws include providing fiscal reliefs for corporate taxpayers, for instance by reducing their minimum tax for two consecutive years.

Under the Bill, the government wants to create a legal instrument to support a crisis intervention fund for COVID-19 and other such crises in the future. The minister said the reforms would be followed by the cessation rules for small businesses as well as the provision of incentive for mass transits, by reducing import duties and the levies for large tractors, buses and other motor vehicles.

 

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Na d same story every year! We don tire!!!

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