Court strips finance minister of tax law amendment power

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 94%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Stating that it is only the NationalAssembly that could amend laws, Justice Faji reiterated that the minister lacked the constitutional power, legislative competence to amend an Act of the National Assembly or any part thereof.. TaxLaw AmendmentPower

Delivering judgment in a suit filed by the Registered Trustees of Hotel Owners and Managers Association and marked FHC/UCS/1082/19, against the Attorney General of the Federation and the minister, the judge held that “any purported amendment to the Act by the minister is null, void and unconstitutional.”

Stating that it is only the National Assembly that could amend laws, Justice Faji reiterated that the minister lacked the constitutional power, legislative competence to amend an Act of the National Assembly or any part thereof. The Federal Government, had through the then Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, on May 26, 2015, amended the schedule to the law following pressure to harmonise taxes and levies payable in Nigeria.

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:

 /  🏆 1. in ZA
 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Court voids Finance Minister's power to amend Taxes, Levies ActCourt, on Wednesday, voided the Minister of Finance's power to amend the Taxes and Levies (Approved List for Collection) Act, 2004.
Source: vanguardngrnews - 🏆 5. / 75 Read more »