The House of Representatives has passed four major tax reform bills for the third reading, marking a significant step in Nigeria’s fiscal policy overhaul.
The bills, which included the Nigeria Tax Bill 2024, Nigeria Tax Administration Bill 2024, Nigeria Revenue Service Bill 2024, and the Joint Revenue Board Tax Bill 2024, were transmitted to the National Assembly in October 2024.
The passage followed the approval of the report by the House Committee on Finance, which reviewed submissions from stakeholders, despite opposition from Northern leaders, the Nigeria Governors Forum, and other interest groups over certain provisions in the bills.
Details shortly…
