By David Oluwaseun

The Federal Government has proposed suspension of tax relief and rebates being granted to companies established in locations lacking public infrastructure, who are providing electricity, water and other amenities for themselves.

In the Finance Bill 2022 under consideration by the National Assembly, the government has sought amendments to the Capital Gains Tax Act, among which seeks to end Reconstruction Investment Allowance and Rural Investment Allowance, among others.

President Muhammadu Buhari had last week transmitted the Finance Bill 2022 to the National Assembly.