SENATE PASSES FINANCE BILL.

SENATE PASSES FINANCE BILL.
November 21 12:28 2019 Print This Article

Members of the upper chamber of the National Assembly passed the bill during Thursday’s plenary after it scaled through the third reading on the floor of the Senate.

The bill, which comprises seven bills, seeks to amend six tax provisions and make them more responsive to tax reform policies.

It also seeks to amend the Customs and Excise Tariff Act to encourage local manufacturers.

The legislations under the bill include Companies Income Tax, Petroleum Profit Tax Value Added Tax, Capital Gains Tax Act, Customs and Excise Tariff, Stamp Duties Act and Personal Income Tax.

Source: channelstv

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Daniel Salome
Daniel Salome

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