The Finance Minister has stated that the reduction of import duties on vehicles will subsequently reduce transport fares and food prices.
Employees have been advised to urge their employers to stop deducting PAYE from their salaries.
The Federal Government plans to reduce the minimum tax rate from 0.5% to 0.25% of the gross turnover of the company.
The FG has proposed, in the draft Finance Bill 2020, the exemption of small businesses from payment of tertiary education tax.
