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Finance Act 2019; What you need to know.

Finance Act 2019; What you need to know.

FINANCE ACT 2019 Introduction On 7th November 2019, the Finance Act 2019 was assented  to by the President. The Law interalia introduced the following: Policy and Taxation Measures to support Government Expenditure and more so the Big Four (4) Agenda Removal of Cap on Interest Rates Reintroduction of Turn Over Tax Taxation on Digital Economy Increase in Levies and Fees such as Railway Development Levy and Import Declaration Fees Excise Duty Changes Reduction of Withholding VAT Rate VAT Changes The…

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