Government not introducing new taxes in 2021 - Finance minister | The Nation

Finance bill to exempt small companies from company income taxThe Federal Government has no intention of introducing new taxes in 2021.

“The second principle is the need to reform fiscal incentives policies to help reduce proliferation of fiscal incentives by carefully assessing cost benefit of tax incentives and prioritise job creation, growth and incentives.

She said: “What we don’t have in the finance bill 2020 is increase in tax. There are no new taxes that are being introduced and there is no increase in taxes.“The bill also makes provisions to create a legal framework for the creation of a crisis intervention fund that will address crisis that may arise in future, while introducing provisions that allow for the recovery of donations made towards the Covid-19 pandemic and other potential crises.

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.

Finance Bill Critical To Success Of 2021 Budget – GbajabiamilaFinance Bill Critical To Success Of 2021 Budget – Gbajabiamila This bill should have taken effect by now...everything is becoming expensive by the clock
Source: channelstv - 🏆 7. / 63 Read more »

Buhari Signs 2021 Budget, Finance Bill Into LawBuhari Signs 2021 Budget, Finance Bill Into Law 👏 Happy looting The only thing he sabi do
Source: channelstv - 🏆 7. / 63 Read more »

Five Personal Finance Books You Should Be Reading In 2021If you have a goal to be more financially savvy in 2021, are just curious about how you can make better money moves or want a useful gift you can give to
Source: LeadershipNGA - 🏆 4. / 77 Read more »