FG considers another tax exemption for small businesses

The exemption of small businesses from the payment of tertiary education tax has been proposed in the draft Finance Bill 2020. This was disclosed by the Fiscal Policy Reforms Committee, established by the Ministry of Finance, Budget and National Planning and chaired by the Special Adviser to the President on Economic Matters, Dr Adeyemi Dipeolu. The Chairman, Drafting Sub-committee and member of Fiscal Policy Reforms Committee, Mr Ajibola Olomola, said the proposal for Finance Bill 2020 “is to introduce an amendment to the Tertiary Education Tax Act to exempt small businesses from Tertiary Education Tax”. According to the committee, currently,

By |November 16th, 2020|Categories: News|Tags: |0 Comments
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