BREAKING: FEC approves Finance Bill 2020 | The Nation Nigeria

The Federal Executive Council , presided over by President Muhammadu Buhari on Wednesday approved the Finance Bill 2020, to support the 2021 Budget.

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who disclosed this to State House Correspondents after the FEC meeting, explained the bill designed to bring about incremental changes in the nation’s tax laws. The Minister, who briefed correspondents alongside some of her colleagues, however assured that the passage of the bill into law would not lead to increase in taxes in the country.Explaining features of the bill, the Minister said the intent of the bill is to ease tax burdens on some categories of enterprises, especially small and medium enterprises.

Ahmed assured that the situation in the country does not warrant increase in taxes, saying: “This is not the time to increase taxes.” The bill will soon be transmitted to the National Assembly for its consideration and passage into law.

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.

UPDATED: FEC approves Finance Bill 2020 | The Nation NigeriaThe Federal Executive Council (FEC), presided over by President Muhammadu Buhari on Wednesday approved the Finance Bill 2020...
Source: TheNationNews - 🏆 6. / 69 Read more »

FEC approves Finance Bill 2020, rules out hike in taxesThe 24th virtual Federal Executive Council (FEC) chaired by President Muhammadu Buhari on Wednesday approved the Finance Bill 2020 designed to engender incremen
Source: Daily Trust - 🏆 13. / 51 Read more »

There Will Be No Increase In Tax, Minister Says As FEC Approves Finance Bill 2020ICYMI: There Will Be No Increase In Tax, Minister Says As FEC Approves Finance Bill 2020 Na wa oh Nigeria which way Hahahaha! Increase in tax without increase in salary... Revolt in a bit If you fellow me I follow back no pain no gain
Source: channelstv - 🏆 7. / 63 Read more »

BREAKING: FG says no plan to increase taxes as FEC approves Finance BillOlalekan Adetayo, AbujaThe Federal Executive Council on Wednesday approved the 2020 Finance Bill.The decision was taken at a meeting of the council presided over by the President, Major Ge... ASUU bill nko No plan to increase tax but you're increasing every other thing that Nigerians live on.. Who are you deceiving?
Source: MobilePunch - 🏆 8. / 63 Read more »

FEC approves Finance Bill, says no tax increase
Source: MobilePunch - 🏆 8. / 63 Read more »