Members 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.
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Finance bill not only about VAT — Senate – Daily TrustChairman, Senate Committee on Finance, Senator Solomon Adeola, said that the Finance Bill was not only about Value Added Tax (VAT). He said that it was a composite bill seeking amendment in seven Acts of the National Assembly with removal of taxes for some sectors in the economy contrary to popular sentiment about the executive …
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How Finance bill will promote fiscal equity, ease of doing business – MinisterThe Finance Bill 2019 currently before the National Assembly for approval will promote fiscal equity, international tax reforms, help raise tax revenues and facilitate ease of doing business reforms, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has said.
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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.
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