Nigerian CommunicationWeek

No Plans to Increase Taxes for Now – FG

Federal Government has no plans to increase taxes at the moment, according to Zainab Ahmed, minister of Finance, Budget and National Planning.

Ahmed, who made this known in Abuja said “This is not the time to increase taxes,”

While explaining the contents of the 2020 Finance Bill, the minister gave an assurance that the bill will not lead to an increase in tax because the situation in the country does not warrant an increase in taxes.

She said the intent is to ease the tax burden on some categories of businesses, especially the small and medium businesses

The minister who said that the bill will soon be transmitted to the national assembly for consideration is considered very critical to the implementation of the 2021 budget.

She said the bill is designed to bring incremental changes in the nation’s tax laws.

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