The presidency has listed certain items exempted from Value Added Tax by the Finance Act 2019.Some of the items listed by presidential spokesperson Laolu Akande include locally produced sanitary pads, food additives and table water.
According to the President, “the Finance Bill will support the funding and implementation of the 2020 Budget. We shall sustain this tradition by ensuring that subsequent budgets are also accompanied by a Finance Bill.”The Finance Bill, 2019 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.
Nigeria’s increased new VAT rate of 7.5% is still the lowest in Africa, and one of the lowest anywhere in the world. Under the new law small companies – companies with less than N25 million in annual turnover are charged Zero CIT.Large companies – with annual turnover greater than N100m – will continue to pay the standard 30% CIT
Cost of things maybe very high after now, but we just need to buckle up and face the challenge
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
StackPath
Source: LeadershipNGA - 🏆 4. / 77 Read more »
2023 presidency: Analysts give reasons Goodluck Jonathan will run again - Daily Post NigeriaPolitical/social analysts have supported the moves by Nigerians mostly youth groups agitating for the return of former President, Goodluck Jonathan, as Hahahah, wrong analysis from wrong people. Gej said he will not contest, you can peak presidential candidate from other communities in South south The reign of king Buhari will put an end to a former military president. So Goodluck should continue to enjoy his achievements and give way for a new leader. Only corrupt BAND knuckleheads youths would welcome back CORRUPT POLITICIANS. Nigerian money were looted under Jonathan presidency.. We all know how wealthy his wife became under his Authority.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
2023: APC chief hails Gowon’s stand on Igbo presidencyIgbo's do not be deceived by their mere talks They were the architect of the one Nigeria scam. I am not Igbo but I bet you...if we had an igbo president, it would have been better than these bunch of morons we had (Musa Yaradua excluded) an igbo man establishes anywhere he finds himself.
Source: MobilePunch - 🏆 8. / 63 Read more »
South-South elders issue threat over 2023 presidency - Daily Post NigeriaThe South-South Elders on Sunday declared that there will be a crisis that could consume Nigeria if the North should insist on retaining power. The Lol South south have mouth to speak LMAO 😂 Sara igbe has lost his mind.who is he to speak for the igbo. South south is a dungeon of militants There are more pertinent endemic issues confronting Nigerians, not 2023. Enthusiastically support the government in power to combat the extraordinary level of criminality, hunger and the delipidated infrastructures in the country.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
North's insistence on 2023 presidency invitation to chaos- South SouthThe South South Elders Forum has said that the insistence of a section of the north to hold on to power by 2023 will only create chaos and anarchy in the
Source: TheNationNews - 🏆 6. / 69 Read more »
Liverpool vs Man Utd: Solskjaer's squad for EPL clash revealed [Full list] - Daily Post NigeriaManchester United manager, Ole Gunnar Solksjaer, will be without Marcus Rashford, when they take on Liverpool at Anfield on Sunday. Rashford was missing Tweetwizzard Take the odd one out
Source: DailyPostNGR - 🏆 11. / 59 Read more »