CPPE seeks total review of Finance Bill

The Centre for the Promotion of Private Enterprise has called for a total review of the Finance Bill 2022, which President Muhammadu Buhari denied assent to on Tuesday, citing some irregularities. CPPE, in a statement, said the bill was hastily passed by the National Assembly without inputs from key stakeholders.

“This is a piece of legislation that has profound implications for investment, citizens’ welfare and the Nigerian economy. It is curious and puzzling that the Senate gave just 24 hours notice for stakeholders to attend a public hearing on the bill. The public notice was published on 21st December 2022 for a public hearing scheduled for 22nd December 2022.

It added: “Currently, corporate tax is 30 per cent, there is tertiary education tax of 2.5 percent, NITDA tax of one per cent; NASENI Levy of 0.25 per cent; Police Trust Fund tax 0.005 percent.

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.

2023 budget: Fuel subsidy payment to gulp N3.36tn in six months - Finance MinisterFuel subsidies payment in Nigeria to gulp N3.36 trillion in the first six months of 2023. By implication, subsidy payment would persist till the end of Make una do get out with lie lie figures. With all this subsidy we still dey buy black market 500 Naira. Bonkery wey dey help una don bribe kinpgins to stop am
Source: DailyPostNGR - 🏆 11. / 59 Read more »