President Bola Tinubu has submitted four tax reform bills to the house of representatives for consideration and swift passage.
In a letter read by the speaker of the house, Tajudeen Abbas during plenary, the president explained that the bills are in line with the objectives of his administration.
The proposed bills include the Nigeria tax bill 2024, aimed at establishing the fiscal framework for taxation in the country, and the tax administration bill, which seeks to provide a clear legal framework for all taxes and reduce disputes.
Additionally, the Nigeria revenue service establishment bill would repeal the existing federal inland revenue service act and create the Nigeria revenue service, while the Joint Revenue Board Establishment bill proposes the creation of a tax tribunal and a tax ombudsman.
