₦airaland Forum

President Tinubu Just Signed 4 Executive Bills To To Curb Multiple Taxation, Here Are 7 Benefits.

https://www.youtube.com/watch?v=KuXRfpKVj9g


Reduced tax burden: The Executive Orders alleviate the tax burden on businesses and individuals by deferring the commencement date of tax changes and suspending certain taxes, providing financial relief.

Enhanced compliance: Clear guidelines and extended effective dates of tax changes promote compliance among taxpayers, as they have a better understanding of their obligations and deadlines.

Economic stability: Suspension of certain taxes on telecommunication services and locally manufactured products stabilizes prices, contributing to a more predictable business environment and consumer market.

Boost to local manufacturing: The suspension of Import Tax Adjustment levy on certain vehicles reduces the cost of imported vehicles, encouraging the growth of local manufacturing industries and supporting domestic production.

Promotes investment: By reducing the tax burden and providing clarity on tax regulations, the Executive Orders create a more favorable investment climate, attracting domestic and foreign investors.

Job creation: A favorable investment climate stimulates economic growth, leading to the creation of more job opportunities as businesses expand and hire additional employees.

Increased revenue collection efficiency: Streamlining tax regulations and eliminating multiple taxation improves the efficiency of revenue collection, ensuring that taxes are collected in a fair and transparent manner.

These were the bills signed into law.

1. 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.

2. Customs, Excise Tariff (Variation) Amendment Order, 2023.

PBAT shifted the commencement date of the tax changes from March 27, 2023 to August 1, 2023 in line with the National Tax Policy.

3. Order suspending the 5% Excise Tax on telecommunication services as well as the Excise Duties escalation on locally manufactured products.

4. The President has ordered the suspension of Import Tax Adjustment levy on certain vehicles.

Osigwe Omo-Ikirodah is the Chairman and CEO of Bush Radio Academy.
https://ireporteronline.com.ng/blog/president-tinubu-just-signed-4-executive-bills-to-to-curb-multiple-taxation-here-are-10-benefits/

Very impressive. Asiwaju is a listening , compassionate and effective visionary Leader.
Thank you OP for sharing.

Interesting

The implementations of the bills should ease the suffering of the masses to some extent.

Lots ahead for better Nigeria

The bills are only suspended and until august.They are not going to reduce the price of commodities.It is a ploy to score cheap political point.

Paid propagandist

Revolution2022:
The bills are only suspended and until august.They are not going to reduce the price of commodities.It is a ploy to score cheap political point.

Executive order suspended?

Are you sure you are on the right thread?

Make we wait for the headless mob to come and do what they know best to do, crying and wailing even on something that would benefit them.

They are called children of eight and perdition for a reason

With all these, yet some people are still complaining that tinubu is this tinubu is that... See, you better forget what had happened during the past election and embrace the good work Asiwaju Ahmed Tinubu is doing.

Obi will soon post something on Twitter about it. Wannabe radarada. Attention seeker didinrin.

The greatest benefit is that some people will now have sympathy for them after the heavy crushing they received yesterday at the presidential election tribunal

Fake news and propaganda.

Agbado think that we are all foolish

Nice

Good

My president is working....

That's the reason I voted for him anyway.

Thank God I didn't waste my vote on the Pandora or the mikanite.

Mi o mo oyinbo so...pressure ti wa.

Lmao

Kennyfancy:
Agbado think that we are all foolish

You are obviously f*olish

Na who dey alive dey get benefits, the current reality on ground now dey choke and straffin everybody without protection..

Ok

All these are just theory of economy. In reality everything is hard now and no changes with your "business and economics" theory.

Oriyin ti burú pẹlú ọrọ ebi ti ẹ́nfi ọwọ òṣèlú àti ẹyà mú yí.

Always signing this or that but none has reduced the suffering of the common man.

Noted.

oikirodah:
President Tinubu Just Signed 4 Executive Bills To To Curb Multiple Taxation, Here Are 7 Benefits.


Osigwe Omo-Ikirodah is the Chairman and CEO of Bush Radio Academy.
https://ireporteronline.com.ng/blog/president-tinubu-just-signed-4-executive-bills-to-to-curb-multiple-taxation-here-are-10-benefits/

it does not add up let the poor breath.

oikirodah:
President Tinubu Just Signed 4 Executive Bills To To Curb Multiple Taxation, Here Are 7 Benefits.


Osigwe Omo-Ikirodah is the Chairman and CEO of Bush Radio Academy.
https://ireporteronline.com.ng/blog/president-tinubu-just-signed-4-executive-bills-to-to-curb-multiple-taxation-here-are-10-benefits/

Fictional writer at hiss sycophantic best. If the orders are of any benefit, you don't need to start explaining how and why they are of benefit. The benefit will be felt. If a drug is effective, a patient will feel and experience the improvement in his or her health fortunes without many explanation from the doctor. It is when something is a fraud that u need many explanation to explain that it is genuine

Obaofaba:
My president is working....

That's the reason I voted for him anyway.

Thank God I didn't waste my vote on the Pandora or the mikanite.

Which work exactly?

Olarewaju89:
With all these, yet some people are still complaining that tinubu is this tinubu is that... See, you better forget what had happened during the past election and embrace the good work Asiwaju Ahmed Tinubu is doing.

Which good work is he doing?

What is the past you say should be ignored?

Alright