By Joy Obakeye Nigeria is set to agree on including taxes for cryptocurrencies and other digital assets in the Finance Bill 2022 currently being drafted by the ministry of finance. This is contained in a statement issued by Special Assistance to the Vice President on Media Laolu Akande. According to him “the meeting which was […]
There are no provisions in the Finance Bill 2022 forcing Nigerians to have a Tax Identification Number (TIN) in order to operate a bank account, a top presidency source has clarified. The bill is, at present, before the National Assembly. News reports had erroneously claimed that the bill has a provision that banks will be […]
Minister of Finance, Budget and National Planing, Dr Zainab Ahmed says the 2020 Finance bill, when signed into law will exempt minimum wage earners from Personal Income Tax (PIT). Ahmed made this known on Friday in Abuja at a public hearing organised by the House of Representatives Committee on Finance. “In the light of the […]
The presidency has made pubic the breakdown of Finance Bill, 2019, which was submitted to the National Assembly by President Muhammadu Buhari alongside the 2020 Appropriation Bill, and signed into law by the president on January 13, 2020. The breakdown was released by Mr. Laolu Akande, Senior Special Assistant to the President on Media and […]
Lagos – The Lagos Chamber of Commerce and Industry (LCCI) has commended the federal government on some of the expected positive impacts of the finance bill signed into law by President Muhammadu Buhari. Its Director-General,Mr Muda Yusuf made the commendation in a statement made available to newsmen on Monday in Lagos. The President Muhammadu Buhari […]
The Nigeria Employers’ Consultative Association (NECA) has decried the failure of the Senate to consider stakeholders submissions before passage of the finance bill into law. NECA Director-General, Mr. Timothy Olawale, raised the concern on Friday in a statement signed by NECA’s Project Officer, Mr. Oluwaseun Amigun. The Senate had on November 21 passed the finance […]
While the nation awaits the passage of the 2018 Budget by the National Assembly, the Parliament on Tuesday accused the executive of failing to submit 2018 Finance Bill which is expected to accompany the budget proposal as requested by legislators. The Finance bill is necessarily requested by the legislature to guide against revenue leakages and […]