Increase in taxes will impact disposable income, businesses, capital market | The Guardian Nigeria News - Nigeria and World News

As President Muhammadu Buhari signs the Finance Bill 2019, the former Director-General, Lagos Chambers of Commerce and Industry, Muda Yusuf while noting that the bill has a number of favourable provisions especially for Small and Medium Enterprises , however, warned that increase in taxes will impact adversely on businesses.

Also speaking, Head, Research, FSL Securities, Victor Chiazor, said the Finance Bill will set the tone for Nigeria’s fiscal policy this year, since it covers quite a number of critical areas especially the aspect of increasing government revenues through VAT.

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