A bill that seeks to Amend the Finance Act, 2019, has passed first and second reading at the Senate. The passage comes barely 24 hours after President
A bill that seeks to Amend the Finance Act, 2019, has passed first and second reading at the Senate.
In the letter read out by the Senate President, Ahmad Lawan, one of the amendments sought by the president is that the new law for the increase in Value Added Tax from five per cent to 7.5 per cent will take effect from February 1. This incentive, he said, is also to be administered by Nigerian Investment Promotion Commission pursuant to the Industrial Development Act.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BREAKING: Buhari writes Reps, seeks amendments to new Finance Act
Read more »
Buhari writes Reps, seeks amendment of Finance Act – Daily TrustPresident Muhammadu Buhari has sent a letter to the House of Representatives seeking to amend the Finance Act approved by the National Assembly in November 2019.
Read more »
‘Electoral Act review critical to preparations for future polls’Independent National Electoral Commission (INEC) Chairman Prof. Mahmud Yakubu, spoke on the imperative of electoral reform, particularly the review...
Read more »
Women lawyers harp on effective implementation of ACJA, VAPP Act – Daily TrustThe International Federation of Women Lawyers (FIDA), Nigeria has called on all stakeholders to ensure the effective implementation of the Administration of Criminal Justice Act, 2015 (ACJA), The Violence Against Persons (Prohibition) Act 2015 (VAPP). The organization said despite the enactment of these laws, they still observe challenges in the implementation of the laws and …
Read more »
How President Buhari violated NDDC Act, by IYC, others | The Guardian Nigeria News - Nigeria and World NewsUrge immediate composition of agency’s governing board Groups, including the Ijaw Youth Council (IYC), Niger Delta Movement for Peace and Justice, Niger Delta Progressive Front, and the Vanguard for Transparent Leadership and Democracy (VATLAD) have faulted the move by President Muhammadu Buhari to inaugurate today the advisory committee of the Niger Delta Development Commission (NDDC) …
Read more »
Police, Anti-graft Agency Criminalise Complaint In Fraud Case, Shield Top Nigerians Involved In Act | Sahara ReportersAccording to findings by SaharaReporters, a network of influential Nigerians allegedly defrauded one Mr Joseph Benjamin, Managing Director of Citadel Oracle Concept Limited based in Ibadan, Oyo State, and these people have been using their connections in government to suppress the matter.
Read more »