Buhari writes senate seeks amendment of finance act 2019

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Breaking News: President Buhari Writes Senate, Seeks Amendment of Finance Act 2019

President Muhammadu Buhari has written to the Senate, seeking an amendment to the Finance Act 2019. The letter, dated March 24, 2023, was read on the floor of the Senate on Wednesday, March 29, 2023.

According to the letter, the President is seeking to amend the Finance Act 2019 to align it with the 2023 Budget and to address some of the challenges faced by the government in implementing the Act.

The Finance Act 2019 was signed into law by President Buhari on December 13, 2019, with the aim of increasing government revenue and promoting economic growth. However, the Act has been criticized for its complexity and the difficulties it has caused for businesses and individuals.

The President's letter to the Senate is seeking to amend the Act to address some of the issues that have arisen since its implementation. The specific amendments being sought are not yet known, but it is expected that they will be related to issues such as tax rates, tax exemptions, and the administration of taxes.

The Senate has promised to give the President's request careful consideration and to work with the government to ensure that the amendments are made in a way that benefits the country.

Source: The Nation Newspaper, March 29, 2023