President Bola Tinubu has submitted four tax reform bills to
the House of Representatives for consideration and quick passage.
The President, in a letter read at plenary by Speaker Abbas
Tajudeen on Thursday, said the bills were designed in line with the objectives
of his administration.
According to the letter, the bills are the Nigeria Tax Bill
2024, which is expected to provide the fiscal work for tax in the country, and
the Tax administration Bill, which will provide clear and concise legal
framework for all taxes in the country and reduce disputes.
The others are the Nigeria Revenue Service establishment
Bill, which will repeal the Federal Inland Revenue Service Act and establish the
Nigeria Revenue Service, and the Joint Revenue Board Establishment Bill which
will create a tax tribunal and a tax ombudsman.
Tinubu said the bills will strengthen fiscal institutions in
the country and align with the objective of the government.
Details shortly…
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