Finance Act: We’ll announce implementation date – FG

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The Ministry of Finance on Tuesday said that the take-off date for the implementation of the newly signed Finance Law would be announced in due course.

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said this in a statement issued by her Media Adviser, Yunusa Abdullahi.

He described the 2020 Finance Act as one for the people, considering the expansion of VAT exemption list which includes basic food items. She said, “The strategic objectives in the finance bill recognises the crucial relationship between fiscal policy, the regulatory environment and the strong capital market we all seek to effect in Nigeria.

“Future finance bills will therefore also provide us with additional opportunities to incrementally improve the fiscal policy and regulatory/legal environment in order to further strengthen our domestic capital market, and ultimately ensure sustained and inclusive growth and development.”

 

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

Who cares, if you like announce it on judgment day.

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:

 /  🏆 8. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

New VAT implementation to await Finance Bill gazetteThe new Value added Tax (VAT) rate of 7.5 per cent will not take effect until the new Finance Bill is gazetted by the Federal Government...
Source: TheNationNews - 🏆 6. / 69 Read more »

Private sector knocks FG as Buhari signs finance billWhich private sector? Those that have over 25million turnover a year? Which one? The one affected by it? Or what... Y do we relish in negativity as a nation?
Source: MobilePunch - 🏆 8. / 63 Read more »

President Buhari signs finance bill into law on MondayNigeria President Muhammadu Buhari on Monday signed the finance bill into law. “I am pleased to announce that this morning I signed into Law the Finance Bill, 2019,” Buhari said in a tweet. Buhari said the finance bill was “specially designed to support its implementation and to create a truly enabling environment for business and …
Source: GuardianNigeria - 🏆 1. / 94 Read more »