President Bola Ahmed Tinubu has urged the National Assembly to swiftly pass four tax reform bills aimed at transforming Nigeria’s fiscal landscape. The bills, designed to align with his administration’s objectives, include:
– *Nigeria Tax Bill 2024*: Providing the fiscal framework for taxation in the country ¹
– *Tax Administration Bill*: Establishing a clear and concise legal framework to reduce tax disputes ¹
– *Nigeria Revenue Service Establishment Bill*: Repealing the Federal Inland Revenue Service Act to establish the Nigeria Revenue Service ¹
– *Joint Revenue Board Establishment Bill*: Creating a tax tribunal and tax ombudsman ¹
These reforms will strengthen Nigeria’s fiscal institutions and promote efficient tax administration, according to President Tinubu. By streamlining tax policies and procedures, the bills aim to enhance the country’s economic growth and development.
