The House of Representatives on Wednesday began debates on the four tax reform bills transmitted to the National Assembly in 2024 by President Bola Tinubu.
The bills are scheduled for a second reading on the floor of the Green Chamber some six months after the President transmitted them to the National Assembly for consideration following the recommendations of the Taiwo Oyedele-led Committee on Fiscal Policy and Tax Reforms.
The bills include the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill.
The new tax bills were enveloped in widespread controversy and sparked scathing criticisms and stiff opposition from many including northern governors and opposition politicians who demanded their withdrawal from the National Assembly.
More to follow…
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