NASS passes Finance Bill

NASS passes Finance Bill, imposes 70% tax on banks’ 2023 ‘windfall’ forex profits

The National Assembly has passed a proposed amendment to the Finance Act which seeks to impose a 70% tax on Banks’ 'windfall' forex profits in 2023.  The passage of the Finance Act (amendment) Bill followed the consideration of the report of the Joint National Assembly Committees on
July 24, 2024