Educate Nigerians on VAT hike, senators asks finance minister

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 63%

South Africa News News

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

Members of the Senate Committee on Finance on Monday asked the Minister of Finance, Zainab Ahmed to enlighten Nigerians on the implications of the proposed increment in the Value Added Tax.

The executive arm of government is seeking legislative approval for its proposed Finance Bill 2019, which has passed second reading in the red chamber.

They said Nigerians would specifically want to know the items exempted from the tax hike, especially food items.

 

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

 /  🏆 8. in ZA

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 not only about VAT — Senate – Daily TrustChairman, Senate Committee on Finance, Senator Solomon Adeola, said that the Finance Bill was not only about Value Added Tax (VAT). He said that it was a composite bill seeking amendment in seven Acts of the National Assembly with removal of taxes for some sectors in the economy contrary to popular sentiment about the executive …
Source: Daily Trust - 🏆 13. / 51 Read more »

Finance Bill is not only about VAT increase — Senate - Vanguard NewsTHE Senate has given an insight into the Finance Bill 2019 as introduced by the Executive, saying that it is not only about the increase in VAT...
Source: vanguardngrnews - 🏆 5. / 75 Read more »

NASS to grill finance minister, Emefiele, others, over N72bn, $73m NDDC debts
Source: MobilePunch - 🏆 8. / 63 Read more »