The National Assembly has passed the Finance Bill that proposes key reforms to specific taxation, excise, customs and fiscal laws.
The bill amends several laws namely the Capital Gains Tax Act, Personal Income Tax Act, Companies Income Tax Act, Stamp Duties Act, Petroleum Profits Tax Act, Value Added Tax, and Public Procurement Act. Chairman of the Finance Committee, Senator Solomon Adeola, presenting a report on the Finance Bill, noted that the bill is intended to enhance tax equity by bringing more economic sectors into the tax net and ensuring a fairer distribution of revenue receipts to all tiers of government.
The bill also seeks to change the name of the Federal Inland Revenue Service, FIRS, to Nigeria Revenue Service. The board is to be headed by a chairman who is separate from the management, while management will be headed by a chief executive who will be known as the Commissioner General.Related Topics:
It pains when you buy items you still pay 7.6% of the item price. This goes on day by day on everything we buy. Yet people say; Nigeria doesn't have money.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
ソース: NigeriaNewsdesk - 🏆 10. / 63 続きを読む »
ソース: thecableng - 🏆 2. / 80 続きを読む »
ソース: THISDAY LIVE - 🏆 14. / 51 続きを読む »