No Increase In Tax For Nigerians As FEC Approves 2020 Finance Bill

She explained that the government recognizes that it is not a time to increase taxes in the country, adding that the focus of the bill is to ensure improvement in tax laws.

Ahmed noted that some provisions of the law would even guarantee a reduction in taxes particularly for small and medium scale enterprises.

She said: “through this finance bill, what we are seeking to do is to make incremental changes to tax laws relating to Customs and Excise as well as other fiscal laws to support the implementation of annual budget.

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