The Minister of Finance, Mrs. Zainab Ahmed, has said there might be introduction of new tariffs and levies in 2022, as the economy was now on a recovery path.
Ahmed made this known while addressing stakeholders at a public hearing on the 2021 Finance Bill organsied by the House of Representatives Committee on Finance today in Abuja.
She said that a couple of reforms and amendments had been recommended in the draft 2021 Finance amendment bill, saying that more will be introduced in the middle of 2022.
The minister said that modest changes had been proposed, but that more fiscal reforms were still in view as the ministry could not take all the proposals collected from stakeholders.
“Our aspiration is to do a midterm review with a possibility of another Finance Bill in mid-year 2022 to bring in more amendments,” she said
The minister said that there are ongoing legal cases in court against the Federal Government on VAT and Stamp Duties, which was why the ministry stayed off those areas.
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