The NC has approved the Excise Tax Bill and the Income Tax Bill, extending exemptions for non-business individuals from fixed deposit interest and dividends up to Nu 400,000 per year. Out of the 23 members present, 21 voted “yes” and two abstained, resulting in the adoption of the Income Tax Bill. The NC accepted a proposal to raise the interest rate that taxpayers must pay from the existing 5% to 15% annually in order to address delayed tax refunds. Section 515 of the current law will be amended to reflect this increased rate, which will be in effect from the due date until the refundable amount is paid. The NC enacted a strict 100% tax on e-cigarettes and other comparable personal electric vaporizers as part of the Excise Tax Bill. This is not the same as the 20% tax on such things that the NA adopted. The House approved a 0% tax on firefighting vehicles and an excise tax bill, following the Public Finance Act 2012’s requirement for retrospective tax imposement.