The President, Major General Muhammadu Buhari (retd.), has
written to the House of Representatives to seek amendments to the Finance Act
recently passed by the National Assembly.
The Speaker, Femi Gbajabiamila, read Buhari’s letter at the
plenary on Tuesday, in which the President asked that the Act be amended to
indicate that the new law took effect from February 1, 2020.
Another amendment is to indicate that the annual fees
payable on basic good items are different from Valued Added Tax.
More to follow…
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