Investigation confirms tax reform laws were altered by executive – Reps minority caucus
Who is going to arrest the President?. They have immunity power, but they can turn the law upside down but nobody can do anything about it.
After the income tax that became a law in Nigeria in January 1st of this year, Reps minority caucus recently found out that after the executive was given the bill to sign, they amended it so that more citizens can be targeted.
Section 29(1): On Reporting Thresholds: While the NASS Certified version provided for a tax compliance reporting threshold of N50 million for individuals and N100 million for companies, the gazetted version lowered the reporting thresholds for individuals to (N25 million from N50 million) and (N100 million from N250 million) for companies.
This is the first thing that the government changed without the house of Rep and Senate knew about it. Read the quote very well. The second one will shock you.
Section 41: Introducing new subsections (
and (9) prescribing a mandatory 20% Deposit for Appeals:
The gazetted version introduced new subsections 41(
and 41(9), which required taxpayers to deposit 20% of the disputed tax amount as a condition for appealing Tax Appeal Tribunal (TAT) decisions to the High Court.
These sections were not in the authentic version passed by NASS.
This means that if someone for example sent parents, brother or sister money, the government can come to him or her or them that they have to pay tax and that the matter will go to court. If they want to appeal, they have to pay 20% of the tax before appealing. Even if it is not like this, why the government changing what was proposed?
You can read the remaining one here:
https://businessday.ng/politics/article/investigation-confirms-tax-reform-laws-were-altered-by-executive-reps-minority-caucus/
