President Bola Tinubu has submitted four tax reform bills to the National Assembly for their consideration.
In a letter presented during the plenary sessions by Senate President Godswill Akpabio and Speaker of the House of Representatives, Tajudeen Abbas, on Thursday, the President outlined that the bills align with his administration’s goals.
The proposed legislation includes the Nigeria Tax Bill 2024, designed to establish a comprehensive fiscal framework for regulating taxes.
The Tax Administration Bill aims to provide a clear legal structure for managing taxes in Nigeria, reducing disputes and improving efficiency.
Additionally, the Nigeria Revenue Service Establishment Bill seeks to repeal the Federal Inland Revenue Service Act and establish the Nigeria Revenue Service.
The Joint Revenue Board Establishment Bill proposes the creation of a tax tribunal and an ombudsman to handle tax-related issues.
Tinubu emphasized that these bills are intended to strengthen Nigeria’s fiscal institutions and support the broader development goals of his government.
