The House of Representatives has passed four tax reform bills following extensive deliberations and public consultations.<\/p>\n
The bills, which were initially sent to the National Assembly by the Executive in October 2024, went through a clause-by-clause consideration at the Committee of the Whole last Thursday before being passed through the third reading on Tuesday.<\/p>\n
The approved bills include:<\/b><\/p>\n
\u2022Nigeria Tax Administration Bill (HB.1756)<\/p>\n
\u2022Nigeria Revenue Service (Establishment) Bill (HB.1757)<\/p>\n
\u2022Joint Revenue Board Bill (HB.1758)<\/p>\n
\u2022Nigeria Tax Bill (HB.1759)<\/p>\n
The proposed reforms sparked controversy and skepticism among various groups, individuals, and regions, prompting a public hearing to address concerns and incorporate diverse perspectives.<\/p>\n
The House Committee on Finance reviewed and refined the bills, leading to amendments, deletions, and the introduction of new sections before final approval.<\/p>\n","protected":false},"excerpt":{"rendered":"
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