The National Assembly has delayed sending the minimum wage bill to President Bola Tinubu, now expected by Monday, due to pending money bills. EKO HOT BLOG reports that the National Assembly has delayed the transmission of the minimum wage bill, which may now be sent to President Bola Tinubu by Monday. The bill, which underwent second … Read more
Speaker of the House of Representatives, Femi Gbajabiamila, on Friday, expressed the House’s readiness to pass the 2020 Finance Bill at a public hearing organized by the House Committee on Finance. In a communique, the Speaker was of the opinion that the Finance Bill is an important piece of legislation, deserving of thorough consideration, and … Read more
The Federal Government said on Friday that has no plans to introduce any new taxes in 2021, but is making efforts to reduce the tax burden on the Nigerian people in view of the current economic situation occasioned by the COVID-19 pandemic and the fall in the prices of crude oil in the international market. … Read more
The federal government of Nigeria has said the commencement of the implementation of the new Value Added Tax (VAT), 7.5 percent, is to take effect from February 1, 2020, after all the necessary administrative procedures have been completed, especially the Gazette of the recently signed 2019 Finance Act by the Federal Ministry of Justice. This … Read more
The Value Added Tax (VAT) goes from five per cent to 7.5 per cent following President Muhammadu Buhari’s signing of the 2020 Finance Bill. Ekohotblog recalls Buhari signed the Bill on Monday. But the implementation will be delayed till the new law is gazetted. It is not clear how soon this will be done. The … Read more
President Muhammadu Buhari has transmitted the Finance Bill 2019 to the Senate for consideration. Buhari revealed this in a letter sent to the leadership of the Senate on Tuesday. He noted that the bill seeks to enact fiscal measures supporting the 2020 budget is in pursuant to section 58 and 59 of the 1999 constitution … Read more