Buhari writes Senate, wants implementation date for 7.5% VAT changed

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Buhari writes Senate, wants implementation date for 7.5% VAT changed
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President Muhammadu Buhari has written to the Senate seeking amendments to the Finance Act recently passed by the National Assembly.

His message was conveyed in a letter read out by the Senate President, Ahmad Lawan, at the start of plenary on Tuesday.

Except where lawmakers expressly state in their proposal, new laws usually come into effect as they are signed by the president. It is not clear why the president wants the date of implementation for the new legislation to change.“Pursuant to Sections 58 and 59 of Constitution of the Federal Republic of Nigeria1999 , l formally request that the Finance Act, 2019 Bill be considered by the Senate for passage into law.READ ALSO:“That the administrative effective date for the increase in Value Added Tax from 5% to 7.

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