The Finance Act amendment bill transmitted to the National Assembly on Tuesday by President Muhammadu Buhari for consideration and passage scaled second reading on the floor during plenary on Wednesday.
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The Senate on Tuesday received an Executive Bill from President Muhammadu Buhari to amend the Finance Act 2019 recently passed by the National Assembly.
The Vice President, Yemi Osinbajo (SAN), says multinational digital companies operating abroad with significant economic presence in Nigeria will be subjected to taxation under the new Finance Act.
Vice-President Yemi Osinbajo on Saturday asserted that the Finance Act 2020 would stimulate the Nigerian economy and put the country on the path of geometric economic growth.