Senate Finally Approve Increase Of VAT From 5% To 7.5%

Date: 21-11-2019 9:19 pm (4 years ago) | Author: Olusanya Akinrinola
- at 21-11-2019 09:19 PM (4 years ago)
Online (m)

On Thursday, the Senate passed the Finance Bill aimed at amending the seven Acts of the National Assembly relating to taxes payable in the country.

According to Punch, the bill clearly seeks an increase of value-added tax from 5 per cent to 7.5 per cent, increment in the Companies Income tax, Customs and excise, Petroleum Profit Tax, Stamp duties, personal income tax and Capital Income tax.

The Minority Leader, Enyinnaya Abaribe, and Senators Ifeanyi Ubah, Gabriel Suswan and Abba Moro, nonetheless, proposed disapproval to the bill. They suggested the increase in taxes would further intensify the sufferings and pains of Nigerians.

Posted: at 21-11-2019 09:19 PM (4 years ago) | Hero
- Psalmbes at 21-11-2019 09:41 PM (4 years ago)
(m)
May thunder from nowhere strike all of una dead
Posted: at 21-11-2019 09:41 PM (4 years ago) | Upcoming
Reply
ReplyFollow
Login To Post Reply

Latest Updates

EFCC Boss, Olukoyede Faces Visa Ban Threat Over Yahaya Bello's Case

Moses Bliss Reacts After A Troll Bashes Him For Allowing His Wife Preach Whenever They Go For Events

Brickhall School And Ovoke Family Issue Press Statement After Burial Of 4 Year Old

Reaction As Davido Likes Tweet Calling Samklef A ‘Fool At 40’

One Shot As Soldiers Break Out Of Their Cells To Protest Poor Welfare In Sokoto

Singer, Fireboy Dismisses Rumour Of Rivalry With His Colleague, Asake

Manchester United v Arsenal: English Premier League Match,Team News,Goal Scorers and Stats

Your First Salary Belong To Your Father For His Blessings Not to Your Pastor - Kanayo O. Kanayo

I Vow To Keep Trolling Actress Bimbo Ademoye - Actor Deyemi Okanlawon Reveals Why

More Featured Topics

fire TRENDING GISTS fire

TODAY'S TOP

  1. UK-based Nigerian G@y Man Laments How Family Pressures Him To Marry A Woman Despite His Status

  2. EFCC Boss, Olukoyede Faces Visa Ban Threat Over Yahaya Bello's Case

  3. I Vow To Keep Trolling Actress Bimbo Ademoye - Actor Deyemi Okanlawon Reveals Why

  4. Your First Salary Belong To Your Father For His Blessings Not to Your Pastor - Kanayo O. Kanayo

  5. Moses Bliss Reacts After A Troll Bashes Him For Allowing His Wife Preach Whenever They Go For

  6. One Shot As Soldiers Break Out Of Their Cells To Protest Poor Welfare In Sokoto

  7. Fulham v Manchester City: English Premier League Match,Team News,Goal Scorers and Stats

  8. Reaction As Davido Likes Tweet Calling Samklef A ‘Fool At 40’

  9. Singer, Fireboy Dismisses Rumour Of Rivalry With His Colleague, Asake

  10. Nottingham v Chelsea: English Premier League Match,Team News,Goal Scorers and Stats

  11. Manchester United v Arsenal: English Premier League Match,Team News,Goal Scorers and Stats

  12. Brickhall School And Ovoke Family Issue Press Statement After Burial Of 4 Year Old

THIS WEEK

  1. Onanuga Shares A Post Alleging Peter Obi Demarkets Nigeria, Calls Him ‘Bitter Obi'

  2. Focus On Fall Of Naira, Insecurity – Charly Boy Drags Onanuga For Tagging Peter Obi As ‘Bitter’

  3. Actors In Nollywood Films Used To Be Cast Based On Social Media Followers – Uzor Arukwe

  4. Suspected Sextortion Blackmailer, Olamide Made £2m Vows To Release Embarrassing PIC/VID Of Boys

  5. Mercy Johnson Was With us in The Boat - Survivor of Boat Accident That Killed Jnr Pope Reveals

  6. Late Buhari Oloto's Wife, Alhaja Alimotu Sadia Oloto a.k.a IYA OYO Is Dead

  7. Nigerians React To Tinubu-Led Administration’s Cybersecurity Levy

  8. CBN Extends Suspension of Charges on Cash Deposits

  9. If I Buy You A Flight Ticket, Am I Suppose To Tell You To Wear Seat Belt – Adanma Luke Attacks

  10. Reactions As Mohbad’s Father Completes Renovation Of Family House In Ekiti State

TOP MEMBERS:
  • gogoman 510
  • fineboy77 296
  • felicilin 296
  • Holopid 135
  • kp45 111
Read More

Featured Topics

. EFCC Boss, Olukoyede Faces Visa Ban Threat Over Yahaya Bello's Case

. Moses Bliss Reacts After A Troll Bashes Him For Allowing His Wife Preach Whenever They Go For Events

. Brickhall School And Ovoke Family Issue Press Statement After Burial Of 4 Year Old

. Reaction As Davido Likes Tweet Calling Samklef A ‘Fool At 40’

. One Shot As Soldiers Break Out Of Their Cells To Protest Poor Welfare In Sokoto

. Singer, Fireboy Dismisses Rumour Of Rivalry With His Colleague, Asake

. Manchester United v Arsenal: English Premier League Match,Team News,Goal Scorers and Stats

. Your First Salary Belong To Your Father For His Blessings Not to Your Pastor - Kanayo O. Kanayo

. I Vow To Keep Trolling Actress Bimbo Ademoye - Actor Deyemi Okanlawon Reveals Why

. UK-based Nigerian G@y Man Laments How Family Pressures Him To Marry A Woman Despite His Status

. Nottingham v Chelsea: English Premier League Match,Team News,Goal Scorers and Stats

. Fulham v Manchester City: English Premier League Match,Team News,Goal Scorers and Stats

. JUST IN! Gov. Fubara Relocates Rivers Assembly Sitting To Government House

.. 9yr Old Boy Stabs His 10yr Old Classmate to Death on Their Home From School

. After God Fear Men - Shallipopi's UK Girlfriend Says After She Caught Him Cheating (Video)

. Marriage is Not a Trap – Real Warripikin Calls Out Abuja Single Men (VID)

. Etinosa Idemudia Further Drags BBNaija Pere For Defrauding 3 Other Producers of Their Money

. Passenger Dies As Car Collides With Truck At Isolo, Lagos Under Bridge

. Motorcyclist, Afeez Mustapha Lands In Police Net For Raping Female Passenger In Ogun

. Meghan Markle Stayed Silent During Prince Harry’s Speech Over Fears Of ‘Causing Controversy’

. Police Arrest Five Suspects For Thuggery, Robbery In Niger State

. Adorable Moment NYSC Member Presents First Allowance Of ₦33,000 To Her Parents, Salutes Them

. These Before And After Photos Of A Married Lady After Divorce Spark Reactions

. VIDEO: Prince Harry, Meghan Arrive Defence Headquarters In Abuja

. Pastor Tobi Adegboyega Caught in Flirtatious Exchange with Ezinne Dora Kayode (Phone Call)

. UPDATE: Court Blasts Ex Kogi Gov. Yahaya Bello, Restates Order For His Arrest

. "All Abducted Kogi University Students Will Be Rescued Alive" -Govt Vows

. BREAKING: House Of Reps member, Isa Dogonyaro Is dead

. 39 Suspected Internet Fraudsters Arrested In Benin

. Man, Bello Arrested In Kano For Allegedly Killing Friend Because He Could Not Repay N3m Debt

More Featured Topics