Finance Bill 2022: FG Proposes to Change FIRS to NRS – THISDAYLIVE

📆 23/12/2022 09:58:00
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Finance Bill 2022: FG Proposes to Change FIRS to NRS *Chairman to be known as Commissioner General *Seeks amendments to 34 Sections of 10 existing acts Sunday Aborisade in Abuja The Minister of Fina

Sunday Aborisade in Abuja

The Finance Bill, is the fourth in the series that seeks to complement the budget cycle of January to December, that was re-established with the 2020 Appropriation Act by the 9” National Assembly. “It proposes 50 per cent tax increase from the 30 per cent to companies involved in gas flaring among others.”

“Let me restate that in our nation’s legislative development, the way forward at present is not much about enacting new laws as much as amendments of old laws to take care of new realities and reform observed shortcomings in the implementation of existing laws.

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