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Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by fergie001: 9:36pm On Nov 06, 2019 |
Nigerian senators on Wednesday passed a tax bill that they have not seen and are not fully aware of its content. The approval given on Wednesday by the Senate is the second in a series of legislative and executive steps to make the bill become law. The bill was read for the first time at the Senate on Tuesday. On Wednesday, at least two senators complained, wondering how they would debate and pass a bill whose content they do not know. Senate President Ahmad Lawan overruled both senators. The Senate then passed the second reading of the bill that seeks to increase the value-added tax (VAT) from five per cent to 7.5 per cent. No copies of the bill were shared to senators to allow for any meaningful contribution before it was debated and passed. President Muhammadu Buhari had, in October, presented the bill to a joint session of the National Assembly for consideration and passage into law. He made the presentation of the Finance Bill alongside the 2020 Appropriation Bill. Raising Concerns Before deliberations began on the bill, Binos Yaroe (Adamawa South, PDP), drew the attention of the Senate to its rules which requires that all senators must have a copy of the bill before it is deliberated upon. He said according to the rules, every senator should have copies of the bill. “Our rules say that printed copies of the bill shall as soon as possible be sent to every senator. We are at the stage of the second reading of this bill. I don’t know for others but I have not received the bill, I don’t know how we can debate a bill that we have not received,” the Adamawa lawmaker said asking how lawmakers could debate a bill whose content they do not know. The Senate President, Ahmad Lawan, noted his point but said the debate would still go on. Senator President, Ahmad Ibrahim Lawan “We are at this point going to debate the general principles of the bill and in line with our tradition, convention here, even the Appropriations Bill that we debate, we don’t have the bill normally,” he said. Not satisfied, Betty Apiafi (Rivers West, PDP), also raised the same concern but Mr Lawan simply said “When the Senate committee on finance reports this, the bills will be made available and we can compare with what we are amending.” He then ruled Ms Apiafi out of order. The Lead Debate The Senate Leader, Abdullahi Yahaya, who led the debate, said the bill has five strategic objectives. He said they are to promote fiscal equity by mitigating instances of regressive taxation; to reform domestic tax laws to align with global best practices and to introduce tax incentives for investment in infrastructure. Others are to support ongoing ease of doing business reforms and to raise revenues for government including the proposal to increase the value-added tax (VAT) from five per cent to 7.5 per cent. He said the 2020 appropriation bill is based on the provisions of this bill and additional revenues will be used to fund health, education and infrastructure programmes. The lawmaker said the states and local governments are allocated 85 per cent of VAT revenues. He said the bill seeks to amend the following tax provisions and make them more responsive to the policies of the federal government. (A) The company tax CAP C21 Laws of the Federation of Nigeria 2004. (B) To reform VAT CAP 4 2007 – this is in line with global best practices. It seeks to improve the efficiency of the Nigerian VAT system. (C ) Customs and excise tariff act CAP C49 Laws of the Federation of Nigeria 2004 – this bill seeks to subject certain goods to excise duties in similar manner of their local manufactured counterparts. (D) Reforming personal income tax E8 laws of the Federation of Nigeria – the bill seeks to provide clarity in individual taxes of Nigeria (E) Capital gains tax act CAP C1 laws of the federation of Nigeria 2007 – this bill seeks and cover taxation of business combinations and seeks to prevent abuse of provisions of the act on group restructuring. (F) Stock duty act 58 laws of the federation of Nigeria – this bill seeks to increase the duty on electronic stocks and electronic consumption. (G) Petroleum profit tax – this bill seeks to increase revenue by removing the tax exemption granted for dividends or income derived from companies charges under the act. Mr Yahaya stated that VAT is a good avenue for generating high revenue for the government. He added that the bill will transform Nigeria’s economic fortunes. The other lawmakers who made comments hailed the provisions of the bill and urged other colleagues to support its passage. Some of the lawmakers who spoke are Ibrahim Gobir (Sokoto East, APC), Istifanus Gyang (Plateau North, PDP), Buhari Abdulfatai (Oyo North, APC), George Sekibo (Rivers East, PDP) and Sahabi Yau (Zamfara North, PDP). None of the lawmakers, across party lines, who supported the bill claimed they had seen a copy of it or were sure of its content. Yet, they supported it. The bill was thereafter read for the second time and referred to the Senate Committee on Judiciary for further legislative work. The committee was asked to report back after two weeks. https://www.premiumtimesng.com/news/headlines/361319-nigerian-senators-pass-tax-bill-that-theyve-not-seen-read.html 5 Likes
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Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by frankfrancis871: 9:52pm On Nov 06, 2019 |
The senate is full of self-centred people whose major concern is enriching themselves. If only I can make a cold pap with my infallible semen mixed with otapiapia and sniper; and feed it to them to drink to their satisfaction... 67 Likes 7 Shares |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by ArmaniUhuru: 10:55pm On Nov 06, 2019 |
This senate is useless. Imagine the nonsense. Nigeria currently 83 Likes 5 Shares
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Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by Upton: 10:55pm On Nov 06, 2019 |
Nigeria 4 Likes 1 Share |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by Upton: 10:55pm On Nov 06, 2019 |
See leaders 11 Likes |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by TheEconomist: 10:56pm On Nov 06, 2019 |
Rubber stamp Senate. 136 Likes 3 Shares |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by Passovile: 10:56pm On Nov 06, 2019 |
What do you expect of an APC Rubber-stamp senate? 98 Likes 2 Shares |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by Kendumazy(m): 10:57pm On Nov 06, 2019 |
From our politicians, nothing is a surprise anymore! 15 Likes |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by lekjons(m): 10:58pm On Nov 06, 2019 |
I'm seriously wondering why i'm not surprised by this right now! 53 Likes 1 Share |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by Harrykaey: 10:58pm On Nov 06, 2019 |
How else do you define a rubber stamp senate 61 Likes 1 Share |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by omoteacher(m): 10:59pm On Nov 06, 2019 |
Rubber stamp HOA. 22 Likes 3 Shares |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by cashlurd(m): 10:59pm On Nov 06, 2019 |
I'm sure most Nigerians are not following up on the happenings within the NASS and that's why the leaders feel there isn't any need to debate a bill. Welcoke to Nigeria once more! 28 Likes |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by edoairways: 10:59pm On Nov 06, 2019 |
So if this information wasn't leaked these senators would have stylishly passed the bill which then become a law. What are they afraid of if I may ask? 12 Likes |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by Realtalk20: 10:59pm On Nov 06, 2019 |
Passing a bill of which they don't know it's content? No copied shared to senators ? And the government is more concerned with how people share such news on social media ? This is a banana republic run by an insincere government Can someone say Rubber stamp.senate !! 56 Likes 3 Shares |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by RexTramadol1: 11:00pm On Nov 06, 2019 |
This Lawan go spoil many things I've always been wary of people who talk too fast 41 Likes |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by TemiVast: 11:00pm On Nov 06, 2019 |
"We are serving the people" they say.. A bunch of self-centered law makers 14 Likes |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by Neduzze5(m): 11:01pm On Nov 06, 2019 |
Did you notice that it was only the PDP lawmakers that had the sense as well as the audacity to challenge the assent to the bill when they had yet to access and assess the bill?? The truth is, when compared to the APC, the PDP remains more humane and considerate. Shame on Buhari!! Shame on Lawan and the RubberStampSenate!! 99 Likes 7 Shares |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by thunder74(m): 11:02pm On Nov 06, 2019 |
That is how they will approve third term for Buhari and we will not know. Nigeria is in the hand of evil men. 64 Likes 1 Share |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by powerdiode(m): 11:03pm On Nov 06, 2019 |
scrap this senate already 6 Likes 1 Share |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by JonDon12: 11:05pm On Nov 06, 2019 |
ArmaniUhuru: Nigeria is useless. 20 years into democracy, we cant elect responsible people. 28 Likes 1 Share |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by RZArecta2(m): 11:05pm On Nov 06, 2019 |
Very good, Nigerians must receive sense by force. Next is water ways bill to hand over our lands to Fulani terrorists then third term agenda. Una never chi chom chin yet 28 Likes |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by EricBloodAxe: 11:05pm On Nov 06, 2019 |
Buhari controlled senate taking orders and imposing laws on nigerians since 2015 10 Likes 1 Share |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by Nobody: 11:07pm On Nov 06, 2019 |
This is what APC has made of our democracy. Wrecked the executive with rigged elections, arm twisted the judiciary to oblivion and culpable silence and simply appointed yes men to the legislature to rubber stamp their devastating destruction of what made Nigeria habitable for its citizens. This is the government our youths are endorsing because of tribalistic sentiments and stipends 34 Likes 1 Share |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by BUSHHUNTER: 11:07pm On Nov 06, 2019 |
Only in the zoo 8 Likes |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by sakabien: 11:08pm On Nov 06, 2019 |
Zombies.... This is Nigeria...Senators are all criminals working pari passu with baba bubu...guess we shd concentrate more on senatorial election next election cos they gat d keys 15 Likes |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by EricBloodAxe: 11:08pm On Nov 06, 2019 |
Ahmed Lawan is just a fat, black puppet controlled by buharis strings 12 Likes |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by Ijaycool(f): 11:08pm On Nov 06, 2019 |
expect more of this 7 Likes |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by leofab(f): 11:08pm On Nov 06, 2019 |
Even a Rubber stamp requires ink,;; 19 Likes 1 Share
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Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by Dreambeat: 11:09pm On Nov 06, 2019 |
Everybody just dey do anyhow for this Buhari government. Nawao 10 Likes |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by earthgirl(f): 11:09pm On Nov 06, 2019 |
Wetin Adele no go see for the other side 5 Likes |
Re: Senators Pass Tax Bill That They Have Not Seen Or Read - Premium Times by LibertyRep: 11:10pm On Nov 06, 2019 |
This is the height of it. This Senate will most likely, in due course, amend the constitution to approve the infamous third term. 22 Likes |
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