Finance Bill: Dangote, 7UP, 170 Firms May Lose N2.4trn Tax Waivers   At least 172 companies may not benefit from about N2.4tn tax waivers under the Pioneer Status Incentive and other tax exemptions as the Federal Government moves to phase out some tax waivers effective 2022,...

Senate, Reps Pass Finance Bill     The Senate and House of Representatives have passed the Finance Bill 2021, transmitted to the National Assembly by President Muhammadu Buhari, on December 7, 2021. They passed the bill on Tuesday following the consideration of a reports from committees of the...

Finance Bill: RMAFC, FIRS Disagree Over Power To Collect, Monitor FG’s Revenue   The Chairman, Revenue Mobilization, Allocation and Fiscal Commission (RMAFC) Ellias Mbam yesterday disagreed with the Chairman of the Federal Inland Revenue Service (FIRS), Dr Muhammad Nami over powers granted the latter to collect...

Reps Pass Finance Bill For Second Reading   The House of Representatives has passed the Finance Bill 2021 for second hearing. In what looked like a U-turn, the House considered the bill after its Committee on Finance had earlier on Monday held a public hearing on it. As...

Finance Bill Makes TIN Mandatory For Banks’ Account Holders     The Finance Bill 2021 has made it mandatory for commercial banks to demand Tax Identification Number from any individual seeking to open an account with them. The bill also empowers banks to demand TIN from existing customers...

Buhari Transmits 2021 Finance Bill To National Assembly       The Senate yesterday received the Finance Bill 2021, transmitted by President Muhammadu Buhari to the National Assembly for consideration and passage. The request by the President seeking the passage of the bill into law was contained in a...