President Muhammadu Buhari has transmitted Finance Bill, 2022
The Speaker of the House, Hon. Femi Gbajabiamila, read the letter conveying the piece of legislation at the resumed plenary on Tuesday.would provide the fiscal support for the implementation of the 2023 federal budget. The Minister of Finance, Budget and National Planning, Zainab Ahmed, had said the proposed bill is anchored on five fundamental policy drivers, including Tax Equity; Climate Change; Job Creation/ Economic Growth; Tax Incentives Reform and Revenue Generation/Tax Administration.
The Finance Bill 2022 proposed amendments to a number of fiscal laws, such as the capital gains tax, company income tax, Customs Excise Tariff Act, Federal Inland Revenue Service Act, personal income tax and Stamp Duties Act.