President Bola Tinubu has signed four Executive Orders, including the suspension of the 5 per cent Excise Tax on telecommunication services, as well as the Excise Duties escalation on locally manufactured products.
The presidential spokesman, Dele Alake, made this known while speaking with State House correspondents at the Presidential Villa in Abuja on Thursday, July 6, 2023.
The first Executive Order signed by President Tinubu is The Finance Act (Effective Date Variation) Order, 2023. The Order has now deferred the commencement date of the initial Act from May 23, 2023, to September 1, 2023.
READ ALSO: Tinubu assures Africa’s largest gas project completion
Alake said this was to ensure adherence to the 90 days’ minimum advance notice for tax changes as contained in the 2017 National Tax Policy.
The second Executive Order is The Customs, Excise Tariff (Variation) Amendment Order, 2023. The Order has shifted the commencement date of the tax changes from March 27, 2023, to August 1, 2023, in line with the National Tax Policy.
The third Executive Order is the suspension of the 5% Excise Tax on telecommunication services as well as the Excise Duties escalation on locally manufactured products.
The fourth Executive Order is the suspension of the newly introduced Green Tax by way of Excise Tax on Single Use Plastics.
The Federal High Court sitting in Abuja on Monday adjourned a N1 billion rights suit…
The Transmission Company of Nigeria has commenced the rehabilitation of four transmission towers vandalised along…
Hundreds of students of the Taraba State College of Nursing Sciences, Jalingo, took to the…
Kaduna State Governor Uba Sani has commissioned Basic Education Schools Infrastructure and Educational Interventions across…
Afrobeats star, Davido, says his planned three-night residency at the National Theatre in Lagos will…
Former Vice President and African Democratic Congress (ADC) presidential candidate Atiku Abubakar has questioned the…
This website uses cookies.