Connect with us

News

JUST IN: President Tinubu Signs Four Executive Orders Into Law

Published

on

Tinubu

EkoHotBlog reports that President Bola Tinubu has signed 4 Executive Orders to address the series of lacuna identified in the tax policies of the previous administration.

The announcement was made by Dele Alake, the Special Adviser to the President, during an interactive session with State House Correspondents.

One of the Orders, the Finance Act (Effective Date Variation) Order, defers the commencement date of changes in the Act to September 1, 2023, ensuring adherence to the 90-day notice for tax changes.

EDITOR’S PICKS

Another Order involves the Customs, Excise Tariff (Variation) Amendment Order, shifting the commencement date of tax changes to August 1, 2023.

The President also suspended the 5% Excise Tax on telecommunication services, the Excise Duties escalation on locally manufactured products, and the newly introduced Green Tax on single-use plastics.

Additionally, the President ordered the suspension of the Import Tax Adjustment levy on certain vehicles. These orders aim to alleviate the negative impact of tax adjustments on businesses and households.

“Further to his commitment to creating a business-friendly environment, the President has ordered the suspension of the newly introduced Green Tax by way of Excise Tax on Single Use Plastics, including plastic containers and bottles.

FURTHER READING

“In addition, the President has ordered the suspension of Import Tax Adjustment levy on certain vehicles.
As a listening leader, the President issued these orders to ameliorate the negative impacts of the tax adjustments on businesses and chokehold on households across affected sectors.

“His Excellency will not exacerbate the plight of Nigerians,” Alake stated.

Click to watch our video of the week:




Advertise or Publish a Story on EkoHot Blog:

Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.

Citizen journalists will receive a token as data incentive.

Call or Whatsapp: 0803 561 7233, 0703 414 5611




 

 


DISCLAIMER: Opinion articles are solely the responsibility of the author and does not necessarily reflect the views of the publishers Of  EKO HOT BLOG

For publication of your News Contents, articles, Videos or any other News Worthy Materials, please send to [email protected]

For Advert and other info, you can call 08035617233 or send a WhatsApp Message to 08035617233.

Please drop your comments

Copyright © Ekohotblog

MGID