L
LequteMan
Guest
According to a report from ThisDay, the Nigerian senate weeks ago approved the Medium Term Expenditure Frame work (MTEF) and Fiscal Strategy Paper (FSP), which contain plans of an increment in the nation's general tax as a way to increase government revenue.
The House of Reps however opposed the move, saying it'll only cause more hardship for Nigerians.
Excerpt:
Nigerians will soon begin to pay higher taxes in a move by government to shore up its revenue profile and augment the fall in crude oil income, Daily Trust can reveal.
A new tax regime which recommended for a much higher level of collection of taxes in the system is about to be approved by the National Assembly according to Daily Trust findings.
However, Daily Trust checks revealed that the House of Representatives rejected the VAT increase passed by the Senate in passing its own version of the VAT last week.
Sources in the lower chamber said Speaker Aminu Waziri Tambuwal and majority of members expressed stiff opposition to the increase as according to them “it is insensitive and will further subject Nigerians to hardship.”
click here to read more
#Nigeria #VAT #Senate
The House of Reps however opposed the move, saying it'll only cause more hardship for Nigerians.
Excerpt:
Nigerians will soon begin to pay higher taxes in a move by government to shore up its revenue profile and augment the fall in crude oil income, Daily Trust can reveal.
A new tax regime which recommended for a much higher level of collection of taxes in the system is about to be approved by the National Assembly according to Daily Trust findings.
However, Daily Trust checks revealed that the House of Representatives rejected the VAT increase passed by the Senate in passing its own version of the VAT last week.
Sources in the lower chamber said Speaker Aminu Waziri Tambuwal and majority of members expressed stiff opposition to the increase as according to them “it is insensitive and will further subject Nigerians to hardship.”
click here to read more
#Nigeria #VAT #Senate
