TINUBU SUSPENDS FINANCE ACT, TELECOM TAX, CUSTOMS TARIFF

In a bid to address concerns raised by manufacturers and other stakeholders regarding recent tax changes, President Bola Tinubu has signed three executive orders suspending major tax measures. The move comes as a response to the need for clarity and adequate notice for tax adjustments, as specified in the 2017 National Tax Policy. The President’s Special Adviser on Special Duties, Communications, and Strategy, Dele Alake, made the announcement at the Presidential Villa on Thursday. The first executive order signed by President Tinubu was the Finance Act (Effective Date Variation) Order,…

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