The Nigerian Senate passed President Bola Tinubu’s controversial Tax Reform Bills for second reading. The reforms include the establishment of the Joint Revenue Board, the Tax Appeal Tribunal, and the Office of the Tax Ombudsman, as well as the creation of the Nigeria Revenue Service and provisions for revenue assessment, collection, and accounting.
The Nigerian Senate on Thursday passed President Bola Tinubu ’s controversial Tax Reform Bills for second reading. The Bills are: 'A Bill for an Act to Establish the Joint Revenue Board, the Tax Appeal Tribunal and the Office of the Tax Ombudsman, for the harmonisation, coordination and settlement of disputes arising from revenue administration in Nigeria and for other related matters, 2024. 'A Bill for an Act to Repeal the Federal Inland Revenue Service Act, No.
'A Bill for an Act to Repeal certain Acts on taxation and consolidate the l;egal frameworks relating to taxation and enact the Nigeria Tax Act to provide for taxation of income, transactions and instruments, and for related matters. Sponsor of the bills, Senate Majority Leader Bamidele Opeyemi, explained the general principles, saying the proposed legislation, if passed into law, will mark a paradigm shift in tax administration in Nigeria, to the advantage of Nigerians.
NIGERIAN SENATE BOLA Tinubu TAX REFORM JOINT REVENUE BOARD NIGERIA REVENUE SERVICE
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