Buhari writes Senate, wants implementation date for 7.5% VAT changed

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President Muhammadu Buhari has written to the Senate seeking amendments to the Finance Act recently passed by the National Assembly.

His message was conveyed in a letter read out by the Senate President, Ahmad Lawan, at the start of plenary on Tuesday.

Except where lawmakers expressly state in their proposal, new laws usually come into effect as they are signed by the president. It is not clear why the president wants the date of implementation for the new legislation to change.“Pursuant to Sections 58 and 59 of Constitution of the Federal Republic of Nigeria1999 , l formally request that the Finance Act, 2019 Bill be considered by the Senate for passage into law.READ ALSO:“That the administrative effective date for the increase in Value Added Tax from 5% to 7.

 

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Somebody that can’t read, I wonder what he’s writing or what he wrote.

I guess the 7.5% of the government is different from the one we are already experiencing. Maybe our president is not aware of anything after all.

I hope this should be reviewed and reversed. This should not be solution, the solution is for the executives and legislatives should down cut their salary and other benefits for us all to share the economic pain. Instead of the VAT with more effects on the poor

But they have started already Na

He just became aware that the 7.5% had been implemented

What's the proposed date?

But MTNNG have started charging VAT on calls. Including banks.

Finally bury the economy.

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