Bill to amend Finance Act passes first, second reading at Senate

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 78%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

A bill that seeks to Amend the Finance Act, 2019, has passed first and second reading at the Senate. The passage comes barely 24 hours after President

A bill that seeks to Amend the Finance Act, 2019, has passed first and second reading at the Senate.

In the letter read out by the Senate President, Ahmad Lawan, one of the amendments sought by the president is that the new law for the increase in Value Added Tax from five per cent to 7.5 per cent will take effect from February 1. This incentive, he said, is also to be administered by Nigerian Investment Promotion Commission pursuant to the Industrial Development Act.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Is this amendment not too early? How did these amendment or adjustments escaped in the first place? This Finance Bill is not up to a year old and shortly being amend, this shows a shady job from Executive and Legislators.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BREAKING: Buhari writes Reps, seeks amendments to new Finance ActSquandering Nigeria's scarce resources, taking irredeemable and unpayable loans and then heaping taxes on the citizens to further impoverish the people is all this man know. Terrible leadership. Criminal in Chief. Hears only Money, Fulani and Oil....nothing else. joke
Source: MobilePunch - 🏆 8. / 63 Read more »

Buhari writes Reps, seeks amendment of Finance Act – Daily TrustPresident Muhammadu Buhari has sent a letter to the House of Representatives seeking to amend the Finance Act approved by the National Assembly in November 2019. Ndi oshi
Source: Daily Trust - 🏆 13. / 51 Read more »