Tag: Finance Bill
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Senate passes finance bill two weeks after transmission
Senate passes finance bill two weeks after transmission
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JUST IN: Buhari Signs 2021 Budget, Finance Bill Into Law
President Muhammadu Buhari on Thursday signed the 2021 budget and the finance bill into law at the Council Chambers of the State House in Abuja. This comes ten days after both chambers of the National Assembly passed the N13.5trn budget and three days after it was transmitted to the President for assent. President Buhari presented…
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2020 Finance Bill to exempt minimum wage earners from tax – Buhari
President Muhammadu Buhari on Monday said his administration has set plans to exempt minimum wage earners from Personal Income Tax as a means of insulating the Nigerian masses against rising inflation. The President made these disclosures in his speech delivered virtually by Vice President Yemi Osinbajo, SAN, on Monday at the opening session of the…
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FG to slash 35% levy on imported cars to 5%
The federal government has revealed plans to slash the 35 per cent levy paid on imported cars to 5 per cent. This is contained in the draft bill of the 2020 finance bill to be presented to the National Assembly (NASS). The bill becomes law after it is passed by the legislature and assented by…
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Finance Bill: What Nigerians stand to gain – Osinbajo
Vice-President Yemi Osinbajo on Saturday asserted that the Finance Act 2020 would stimulate the Nigerian economy and put the country on the path of geometric economic growth. Osinbajo made the assertion at the Inspiration Conference 2020 of the Redeemer’s Men Fellowship (Lagos Regions) in Lagos. The News Agency of Nigeria (NAN) reports that the conference…
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List of Items Exempted from VAT in New Finance Bill
On Monday, President Muhammadu Buhari signed the Finance Bill 2019 into law, approving the 50 percent in the value added tax (VAT) from 5 percent to 7.5 percent. On Tuesday, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, released a statement through her media aide, Mr Yunusa Tanko Abdullahi, listing some items…
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Buhari signs Finance Bill 2019, praises 9th Assembly
President Muhammadu Buhari has signed into Law the Finance Bill, 2019. President Buhari made the announcement via his Twitter handle @MBuhari on Monday. The President noted that the Bill was vital to the implementation of the 2020 Budget. The tweet read, “I am pleased to announce that this morning I signed into Law the Finance…