Page 69 - Second Schedule News Today

Share THE long-awaited devolution of critical powers from the Federal Government to the states appears imminent with the current effort at amending the much-criticised 1999 Constitution, a legal luminary, Chief Niyi Akintola SAN has said.  Akintola made the disclosure in Ibadan, the Oyo State capital, on Saturday, during an interview on a privately owned radio station, Fresh FM.  The senior lawyer, who is a lead consultant to the National Assembly on the ongoing constitution review exercise, ...

Maurice Info Search 74. Quarantine Act 2020 amended The Quarantine Act is amended – (a) in section 2 – (i) in the definition of “communicable disease”, in paragraph (a),by deleting the word “Schedule” and replacing it by the words “First Schedule”; (ii) by inserting, in the appropriate alphabetical order, the following new definition – “Fixed Penalty Notice” or “FPN” means a notice in the form set out in the Second Schedule; (b) in section 3 – (i) i...

“A Restraint On Free Speech”: Retired Civil Service Officers Write To PM on the Amendment to Pension Rules ‘Effort to consolidate information in the hands of the state’ In an open letter addressed to Prime Minister Narendra Modi, retired civil service officers have called the recent amendments to the Central Pension Rules “a restraint on free speech” and have asked the government to take it back. The recent amendments to the Central Pension Rules mandate that if any retired govern...

The recurring sociopolitical and economic crises as well as insecurity challenges bedeviling the nation have been variously attributed to marginalization of certain regions in the scheme of things in the nation’s corporate existence. The clamour and agitations have gotten to a boiling point with the rise in demand for self-determination through secession and or separatism. For the agitators, if the country must remain united and enjoy relative peace and stability, then, the solution is restru...

Daily Times July 10, 2021 The Sindh government has exempted sales tax on services for one year for cable TV operators within the jurisdiction of the province. The Sindh Revenue Board (SRB) has issued a notification to further exempt the sales tax on services rendered by cable TV operators till June 30, 2022. The Sindh government imposed sales tax on services rendered by cable TV operators through a notification issued on June 27, 2019. However, since then the levy has been exempted. Through a n...

*To swear not to accept bribe *Party member that seeks appointment into INEC risks jail term *Nomination of unqualified candidate attracts N10m fine Chuks Okocha and Udora Orizu in Abuja Concerns mounted yesterday over what social critics called attempts by federal legislators to rig the 2023 general election ahead of time through the manipulation of the Electoral Amendment Bill 2021. Many critics who spoke to THISDAY pointed specifically at Section 50 (2) of the draft bill, whose consideration...

50% increase in tax rates on NSS profits announced Tax rate hike makes National Savings Scheme an unattractive investment Salaried class contributed Rs69.4 billion or 7.8% of the total income tax collection in the first half, which was higher by 20% when compared with the same period of last year. PHOTO: FILE ISLAMABAD: The Central Directorate for National Savings (CDNS) has notified a 50% increase in the income tax rates on the profits earned by making investments in various government scheme...

Daily Times July 3, 2021 The Federal Board of Revenue (FBR) has said that interest income earned from investment in the federal government securities will be taxed at the rate of 15 percent under the Final Tax Regime (FTR) with effect from July 01, 2021. In an explanation to the Finance Act, 2021, the FBR said that interest income earned by all taxpayers except banking and insurance companies from investment in federal government securities shall be taxed at the rate of 15 percent under the fin...

Funny how we hardly reach any cross-ethnic consensus in this country, but the campaign for a return to the 1963 Constitution — increasingly becoming the backbone of the “restructuring” agenda — seems popular in southern Nigeria and Benue state. The core argument is that we need to return to regionalism: every region should control its natural resources, take 50 percent derivation, run local councils and create state police “as provided for under the 1963 Constitution”. The 1999 Cons...

ISLAMABAD: Finance Minister Shaukat Tarin has decided that the income tax exemption on medical allowance for employees will be restored and he will make an announcement to this effect in his windup...