The Federal Ministry of Finance, Budget, and Planning has announced that the Federal Executive Council has given its approval to the 2020 finance bill. The 2020 finance bill is pivotal for effecting the 2021 budget.
The Federal Ministry of Finance, Budget, and Planning has announced that the Federal Executive Council has given its approval to the 2020 finance bill. The 2020 finance bill is pivotal for effecting the 2021 budget.
The approval of the bill which was overseen by President Muhammadu Buhari, makes allowance that there won’t be an increase in taxes rate and will shortly be transferred to the National Assembly for consideration and passage into law.
The Honourable Minister for Finance, Budget, and Planning, Mrs Shashuma, during the press briefing stated that the finance bill has been prepared to enhance remarkable changes in Nigerian’ tax laws.
The Minister thus promised that while passing the finance bill into law, there won’t be increase in taxes in the country.
The approval of the bill which was overseen by President Muhammadu Buhari, makes allowance that there won’t be an increase in taxes rate and will shortly be transferred to the National Assembly for consideration and passage into law.
The Honourable Minister for Finance, Budget, and Planning, Mrs Shashuma, during the press briefing stated that the finance bill has been prepared to enhance remarkable changes in Nigerian’ tax laws.
The Minister thus promised that while passing the finance bill into law, there won’t be increase in taxes in the country.
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