The Senate has just passed the two remaining tax reform bills as it concludes clause-by-clause consideration The Senate on Wednesday commenced consideration of the reports on the four tax reform bills, passed two during plenary, and scheduled the remaining two for Thursday. The four tax reform bills passed are the Joint Revenue Board Establishment Bill,…
The Senate has passed two out of four major tax reform bills, marking a significant milestone in the ongoing overhaul of the nation’s tax administration framework. The two bills, one seeking to repeal the Federal Inland Revenue Service (Establishment) Act and another to establish the Joint Revenue Board (Establishment) Bill 2025 along with the Nigeria…
The Senate has announced plans to work closely with the Executive to address socio-political tensions, particularly the crisis in Rivers State. According to a statement issued on Monday ahead of resumption of plenary at the National Assembly, Leader of the Senate, Senator Opeyemi Bamidele, stated that the goal is to reconcile key stakeholders and resolve…
The controversy trailing the tax reform bills currently before the National Assembly has divided the northern caucus of the Senate as some senators from the North have endorsed the bills. The development is a complete departure from the situation a few days ago when the majority of northern lawmakers in the Red Chamber rejected the…
The National Orientation Agency (NOA) has said that the tax reform bills before the National Assembly will lessen the burden on Nigerians while also protecting the less privileged. NOA Director General, Lanre Issa-Onilu, stated this in Abeokuta on Wednesday. “By supporting this effort, we can create a tax system that works for all and funds…
President Bola Tinubu has directed the Federal Ministry of Justice and the National Assembly to work on concerns raised over the tax bills. Criticisms have greeted Tinubu’s transmission of the Tax Reform Bills to the National Assembly. The move has pitted the president against some governors with the most vocal criticism coming from the northern…
The House of Representatives has suspended indefinitely the debate on the Tax Reforms Bills earlier fixed for Tuesday following mounting pressure from the 19 northern states governors The planned debate was called off in a memo signed by the Clerk of the House of Representatives, Dr Yahaya Danzaria, as 73 northern lawmakers kicked against the…
The Senate on Thursday passed the four tax bills for second reading through voice votes. On October 3, President Tinubu Bola forwarded the four tax reform legislation to the National Assembly for review. Governors from the North and other interested parties opposed the tax reforms, which led to controversy. The Presidency expressed concern over the…
