Assumptablog

Buhari signs Finance Bill into law

Scroll down to content
Buhari

President Muhammadu Buhari has on Monday signed the Finance Bill 2019 into law.

The President announced the development on his personal verified Twitter handle, @MBuhari on Monday.

The Nigeria’s Finance Bill, which was submitted to the Joint Session of the National Assembly, along with the 2020 Appropriation Bill, last year’s, proposed amendments to various tax laws in the country.

The law is amends Petroleum Profit Tax Act, Customs and Excise Tariff Act, Company Income Tax Act, Personal Income Tax Act, Value Added Tax, Stamp Duties Act and the Capital Gains Tax.

One of the features of the new law is that those who want to open or maintain accounts with Nigeria commercial banks will not have to provide their Tax Identification Number (TIN) to do so.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: