There Will Be No Increase In Tax, Minister Says As FEC Approves Finance Bill 2020

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ICYMI: There Will Be No Increase In Tax, Minister Says As FEC Approves Finance Bill 2020

The Minister of Finance, Zainab Ahmed, has assured Nigerians that the incremental changes to Nigeria’s tax laws do not mean that there will be an increase in taxes.

The minister explained that the bill will ensure improvements in tax laws while reducing some taxes for small and medium enterprises. “When we say incremental changes, its making improvements in the tax law. It doesn’t mean increasing taxes. So, what we are doing in the Finance Bill for 2020, has no increases. There will be no VAT increase, VAT remains at 7.2%,” Ahmed said.

 

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This is indeed good news, but the communication gap between the govt and the people on such people-friendly policies are too wide. The NOA_Nigeria and the FMICNigeria are doing a really poor job.

Nah so them they whine us

Looking at the past of these people, this directly means they will be an increase in tax very soon. Make una get ready. This is the very change they promised but most people could not see it then. The man in Aso Rock has been making life difficult for Nigerians since 1983.

It's like saying you will not drink water while maraude in the desert. I wait to see the buharinomics that will be put to play to forestall the rise in tax.

Una no dey tire of this woman pics?

I want to believe this Damn! It's just hard for me

Wages remain the same but taxes keep increasing all the time with nothing to show for it.

This woman 😡

The minister of finance also need to work on the Illegal TAX collection from the conveyers of goods and service on our highways by the security personnel. This also contributes to the skyrocketing of the price of goods and service

Increase to where again? Have you people not done ur worst? .. 🤦🏼‍♂️ let me enjoy my ember months in peace Abeg!

Ifb Larry56273361

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

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