News
Tinubu signs four Executive Orders into law (Full List)
,,,,,,President Bola Ahmed Tinubu has signed four Executive Orders into law to curb arbitrary taxation policy in the country.
,,,,,Special Adviser, Special Duties, Communication and Strategy, to the President, Dele Alake, announced the policy directive on Thursday during an interactive session with State House Correspondents.
Among the Executive Orders signed into law by the President, includes the Finance Act (Effective Date Variation) Order, 2023, has now deferred the commencement date of the changes contained in the Act from May 23, 2023 to September 1, 2023. This is to ensure adherence to the 90 days minimum advance notice for tax changes as contained in the 2017 National Tax Policy.
,,,,The second Order involves the Customs, Excise Tariff (Variation) Amendment Order, 2023.
Alake said this has shifted the commencement date of the tax changes….from March 27, 2023 to August 1, 2023 and also in line with the National Tax Policy.
,,,,,,,He said Mr President has given an Order suspending the 5% Excise Tax on telecommunication services as well as the Excise Duties escalation on locally manufactured products.
“Further to his commitment to creating a business-friendly environment, the President has ordered the suspension of the newly introduced Green Tax by way of Excise Tax on Single Use Plastics, including plastic containers and bottles.
“In addition, the President has ordered the suspension of Import Tax Adjustment levy on certain vehicles.
As a listening leader, the President issued….these orders to ameliorate the negative impacts of the tax adjustments on businesses and chokehold on households across affected sectors.
“His Excellency will not exacerbate the…..plight of Nigerians,” Alake stated.
-
News6 days ago
Governors Disagree with FG on new Minimum Wage
-
Politics7 days ago
Wasiu Ayinde’s Daughter Gets Political Appointment
-
News5 days ago
EFCC reveals names of ex governors on N2.187 trillion embezzlement list
-
Metro/Crime7 days ago
EFCC chairman’s BVN, bank account details hacked
-
Osun News7 days ago
Fuel Scarcity: Osun Taskforce Raids Filling Stations
-
Politics7 days ago
Tinubu appoints new female aide (Photo)
-
Metro/Crime4 days ago
Former Nigerian minister dies in Lagos (Photo)
-
News2 days ago
Meet First Black Woman With Ph.D In Cybernetics