BILL WATCH 83/2020
[15th December 2020]
Finance (No. 2) Bill Gazetted
The Finance (No. 2) Bill was gazetted late yesterday afternoon, Monday 14th December. This allows the Budget debate and other Budget business to go ahead.
The Bill is available on the Veritas website [link].
The purpose of the Bill is to amend the Finance Act, the Income Tax Act, the Value Added Tax Act, the Customs and Excise Act, the Toll Roads Act, the Presidential Salary and Allowances Act, the Indigenisation and Empowerment Act and the Banking Act.
These amendments will give effect to various fiscal measures mentioned by the Minister of Finance in the National Budget Statement delivered on the 26th November, 2020, and make certain modifications to improve revenue collection and administration.