Senate passes tax reform bills

The Senate has passed two of the four tax reform bills proposed by President Bola Tinubu, which include the Nigeria Revenue Service Establishment Bill and the Joint Revenue Board Establishment Bill.

Penpushing reports that the President of the Senate, Senator Godswill Akpabio, announced passage of the bills on Wednesday after the senators reviewed the report of an ad hoc committee chaired by Niger East Senator Sani Musa.

The majority of the senators supported them, while it is recalled that the committee was constituted to address controversies and disputes surrounding the proposed reforms, and on Wednesday, each clause of the bills were debated and considered at the Committee of the Whole.

Penpushing further reports that Akpabio said the Senate will set up a committee to harmonise its decision on the bills with the version passed by the House of Representatives in March, and once harmonised, the unified bills will be transmitted to President Tinubu for assent.

Meanwhile, the President of the Senate assured that the remaining two bills, the Nigeria Tax Bill 2024 and the Tax Administration Bill, would be passed on Thursday.

FOOTNOTE: You want to share story with us? You want to advertise with us? You need publicity for product, or service, or   event? Contact us on WhatsApp +2348073463653 or email [email protected]